A S.W.O.T. Analysis

question 249

Multiple Choice

A S.W.O.T. analysis

• A) focuses on what a firm plans to do to "Satisfy Wishes Of a Target" customer.
• B) summarizes a firm's "strategy, wishes (of its customers), outlook, and tactics."
• C) helps defend against potential competitors by developing a set of competitive "safeguards, weapons, offensives, and tactics."
• D) identifies a firm's "strengths, weaknesses, opportunities, and threats."
• E) seeks to reduce the risk of competitive surprises by scanning the market for "signals, warnings, omens, and tips."

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Definitions:

Making Products

Turning raw materials, components, or parts into completed products that fulfill a customer's demands or specifications is the process involved.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including cost of materials and labor.

Finished Goods

Items that are fully manufactured but remain unsold to consumers.

Conversion Costs

Costs associated with converting raw materials into finished products, which typically include both direct labor costs and manufacturing overhead costs.