GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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a contractual agreement combining two businesses to execute a certain business undertaking
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agreements between companies or partners to reach objectives of a common interest
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Detailed explanation-1: -SWOT stands for: Strength, Weakness, Opportunity, Threat. A SWOT analysis guides you to identify your organization’s strengths and weaknesses (S-W), as well as broader opportunities and threats (O-T). Developing a fuller awareness of the situation helps with both strategic planning and decision-making.
Detailed explanation-2: -SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company’s competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.
Detailed explanation-3: -SWOT analysis is a framework for identifying and analyzing an organization’s strengths, weaknesses, opportunities and threats. These words make up the SWOT acronym. The primary goal of SWOT analysis is to increase awareness of the factors that go into making a business decision or establishing a business strategy.
Detailed explanation-4: -SWOT is an acronym for strengths, weaknesses, opportunities and threats. Since your strengths and weaknesses are internal to your organization, and opportunities and threats external factors, SWOT analysis is sometimes called internal-external analysis.
Detailed explanation-5: -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.