BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employee Performance
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Sales Revenue
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External Factors
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Internal Factors
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Detailed explanation-1: -A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats).
Detailed explanation-2: -These are some common internal factors: Financial resources (funding, sources of income and investment opportunities) Physical resources (location, facilities and equipment) Human resources (employees, volunteers and target audiences)
Detailed explanation-3: -Strengths and weaknesses are internal factors. They are characteristics of a business that give it a relative advantage (or disadvantage, respectively) over its competition. Opportunities and threats, on the other hand, are external factors.
Detailed explanation-4: -Strengths and weaknesses are internal to your company-things that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location. Opportunities and threats are external-things that are going on outside your company, in the larger market.