INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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strength
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option
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weakness
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threat
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Detailed explanation-1: -A competitor SWOT analysis is simply a way to assess your competitor’s Strengths, Weaknesses, Opportunities and Threats so that you can better understand their business and, in turn, your own.
Detailed explanation-2: -Threats. 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-3: -Competitor threats can be everything from supply chain disruptions (hello, 2020/2021) to new companies being formed. If the competitor you are analyzing provides something similar to your own product or offering, these threats may be similar to your own. In this sense, threats can be both internal and external.