ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strengths and Weaknesses
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Strengths and Opportunities
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Opportunities and Threats
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Weaknesses and Threats
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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). You will need to review and act on the results from the SWOT analysis.
Detailed explanation-2: -Internal Factors Strengths and weaknesses include the resources and capabilities within the organization now. Since the company has the most control over internal factors, it can craft strategies and objectives to exploit strengths and address weaknesses.
Detailed explanation-3: -Strengths (S) and weaknesses (W) refer to internal factors, which are the resources and experience readily available to you. These are some common internal factors: Financial resources (funding, sources of income and investment opportunities) Physical resources (location, facilities and equipment)
Detailed explanation-4: -Internal factors can influence the operations of a business both positively and negatively. The three main internal factors are labour, finance, and technology.