BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It’s a threat
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It’s an opportunity
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It’s a strength
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It’s a weakness
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Detailed explanation-1: -SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company’s competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.
Detailed explanation-2: -SWOT means Strengths, Weaknesses, Opportunities, and Threats. It’s a method for finding, analyzing, and documenting your company’s internal strengths and weaknesses within your control and external opportunities and threats that can affect the realization of your marketing objective.
Detailed explanation-3: -SWOT analysis in marketing will help you decide which marketing strategy you should use to get the best result for your business. The strategy will help you to capitalize on the opportunities using all the strengths. It will also help to avoid the threats and minimize the weaknesses.
Detailed explanation-4: -The information needed for a SWOT analysis comes from internal and external sources, including financial resources, market surveys, performance indicators and competitor performance statistics.