GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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positive, internal factors that can be controlled within a business
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a design for a company or organization in order to reach its long-term goals through planning organizing, execution and controlling of activities
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stands for strengths, weaknesses, opportunities and threats; a useful tool in helping a company determine where they stand compared to their competition
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occurs when a company operates in a more efficient manner than its competitors, which causes their sales to increase above other businesses
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rivalry between two or more companies within the same industry
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Detailed explanation-1: -Strengths are internal factors that will help the organisation be successful. They can include employees, procedures, business assets and products. Examples of internal factors that are a strength are: A strong brand name.
Detailed explanation-2: -Internal Strengths – the positive things about the business. Examples of strengths are positive cash flow, effective branding and marketing, and minimal staff turnover.
Detailed explanation-3: -The internal factors are strengths and weaknesses; the external factors are opportunities and threats. A SWOT analysis gives an organization a clear picture of the “situation” in which it operates and helps it identify which strategies to pursue.
Detailed explanation-4: -The Internal Analysis of strengths and weaknesses focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market. Strengths refer to core competencies that give the firm an advantage in meeting the needs of its target markets.