GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ and ____ are internal factors that affect a business operation.
A
Strengths and Weaknesses
B
Strengths and Opportunities
C
Opportunities and Threats
D
Weaknesses and Threats
Explanation: 

Detailed explanation-1: -Internal factors can influence the operations of a business both positively and negatively. The three main internal factors are labour, finance, and technology.

Detailed explanation-2: -Strengths and weaknesses are internal factors. They are characteristics of a business that give it a relative advantage (or disadvantage, respectively) over its competition. Opportunities and threats, on the other hand, are external factors.

Detailed explanation-3: -Essentially, a SWOT analysis is an examination of the internal and external factors that impact the organization and its strategies. The internal factors are strengths and weaknesses; the external factors are opportunities and threats.

Detailed explanation-4: -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.

There is 1 question to complete.