ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which question is it important to ask to determine the strengths of a business when conducting a SWOT analysis?
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What economic trends are beneficial to us?
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What are our competitors doing?
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Where are we making money?
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What obstacles do we face?
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Explanation:
Detailed explanation-1: -A SWOT analysis should generate a brief list of issues relevant to the 4 categories-strengths, weaknesses, opportunities and threats. The analysis of these issues helps the business make meaningful changes.
Detailed explanation-2: -Strengths: What do you do best? What are your positive traits? Weaknesses: What tasks do you avoid doing because of a lack of confidence? Opportunities: How can you turn your strengths into opportunities? Threats: What obstacles do you face?
There is 1 question to complete.