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. reveals whether a company is competitively stronger than its closest rivals.
c. is a tool for benchmarking whether a firm's strategy is closely matched to industry key success factors.

The correct answer is letter "B": reveals whether a company is competitively stronger than its closest rivals.

Explanation:

The SWOT analysis is composed of a company's four (4) factors: Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are inner factors of the entity while opportunities and threats are external factors that could influence the operations of the business.

The first layer of the SWOT analysis involves the strengths of the firm which could be optimal employees attitude towards work, efficient and effective customer service or low-cost manufacturing. These are components make companies stronger than their competitors.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o