A First-Rate SWOT Analysis

question 114

Multiple Choice

A first-rate 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 basis for crafting a strategy.
• E)identifies the reasons a company's strategy is or is not working very well.

---

Definitions:

Profits

The financial gain realized when the revenue from selling goods or services exceeds the costs of production.

Monopolized

Refers to a market structure where a single firm or entity controls a significant portion of the market share, reducing competition.

Consumer Surplus

Consumer Surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Net Social Gain

The overall benefit to society, calculated by subtracting total social costs from total social benefits.