BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Your leading product has a 30% market share which is 10% higher than your best competitor. Where would you analyze this information in SWOT analysis?
A
Weaknesses
B
Strengths
C
Threats
D
Opportunities
Explanation: 

Detailed explanation-1: -What Is SWOT Analysis? 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: -A SWOT analysis is a planning framework that a business can use to identify a strategic endeavor’s strengths, weaknesses, opportunities, and threats. The term SWOT is an acronym for these four factors. In a SWOT analysis, a project’s (or product’s) strengths and weaknesses are internal factors.

Detailed explanation-3: -A strength is a resource or capacity the organisation can use effectively to achieve its objectives. A weakness is a limitation, fault, or defect in the organisation that will keep it from achieving its objectives. An opportunity is any favourable situation in the organisation’s environment.

There is 1 question to complete.