A Business Can Use a Strategic SWOT Analysis to Assess

question 53

True/False

A business can use a strategic SWOT analysis to assess its sustainability, wealth, operations, and technology.

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Definitions:

Data Processing

The collection and manipulation of data to produce meaningful information.

Cost Accounting

An accounting method focused on capturing a company's total costs of production by assessing both fixed and variable costs.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve its long-term productivity and efficiency.

Financial Planning

The process of creating strategies for managing financial affairs, including budgeting, investing, and retirement preparation, to achieve one’s financial goals.