In SWOT,strengths Are

question 34

Multiple Choice

In SWOT,strengths are

• A)chances to make greater sales or profits in the environment.
• B)characteristics of the business that give it an advantage over others in the industry.
• C)elements in the environment that could cause trouble for the business.
• D)characteristics that place the firm at a disadvantage relative to others.

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Definitions:

Money Income

Money Income is the total amount of monetary earnings received by an individual or household, including wages, salaries, benefits, and other income sources, over a specific period of time.

Price

The sum of money that is anticipated, demanded, or paid in exchange for something, representing the value of goods or services in financial terms.

Indifference Curves

represent combinations of two goods that provide the same level of utility or satisfaction to a consumer, illustrating their preferences.

Budget Constraints

The limitations on the consumption bundles that a consumer can afford given their income and the prices of goods and services.