BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You are conducting a SWOT analysis and find out that a new competitor is opening within 5 miles of your store. This would be considered a ____
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Strength
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weakness
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opportunity
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threat
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Explanation:
Detailed explanation-1: -Threats in SWOT are areas with the potential to cause problems. Different from weaknesses, threats are external and out of your control. This can include anything from a global pandemic to a change in the competitive landscape.
Detailed explanation-2: -Tips for completing a successful SWOT analysis A SWOT analysis helps you assess internal factors that might affect your business (strengths and weaknesses) and external factors (opportunities and threats).
There is 1 question to complete.