SWOT Analysis

question 44

Multiple Choice

SWOT analysis

• A) is a way to measure whether a company's value chain is longer or shorter than the chains of key rivals.
• B) is a tool for benchmarking whether a firm's strategy is closely matched to industry key success factors.
• C) reveals whether a company is competitively stronger than its closest rivals.
• D) provides a good overview of a company's overall situation.
• E) identifies the reasons a company's strategy is or is not working very well.

---

Definitions:

Alternative Technologies

Refers to varying methods, tools, or systems that can be used as substitutes for each other in achieving a similar outcome, often considered in the context of environmental sustainability or efficiency improvements.

Hourly Wage Rate

The compensation employees receive for every hour they work.

Production Technology

The methods, equipment, and processes used to produce goods and services, impacting efficiency and output levels.

Economists

Professionals who study, develop, and apply theories and concepts from economics and write about economic policy.