INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sales, Work ethic, Organization, Training
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Strengths, Weaknesses, Obstacles, Threats
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Strengths, Weaknesses, Opportunities, Threats
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Strengths, Weaknesses, Options, Threats
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Detailed explanation-1: -SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business. SWOT Analysis is a tool that can help you to analyze what your company does best now, and to devise a successful strategy for the future.
Detailed explanation-2: -Strengths and weaknesses are internal to your company-things that you have some control over and can change. Examples include who is on your team, your patents and intellectual property, and your location. Opportunities and threats are external-things that are going on outside your company, in the larger market.
Detailed explanation-3: -The components of SWOT analysis are strengths, weaknesses, opportunities and threats.