BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In a SWOT analysis, which of the following would be considered a strength in a business?
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Strong economic growth
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Decrease in interest rates
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Decrease in fringe benefit tax
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Low level of workplace disputes
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Explanation:
Detailed explanation-1: -Answer and Explanation: The answer is: C. Highly experienced executives . Strengths are the same as opportunities, but they are internal to the organization, whereas opportunities are external.
Detailed explanation-2: -Some examples of strengths include: Strong employee attitudes. Excellent customer service. Large market share.
Detailed explanation-3: -A SWOT analysis for small business is a powerful but simple process. It gives businesses a clear view of their current position and helps them understand how to be more successful. The term ‘SWOT’ stands for Strengths, Weaknesses, Opportunities and Threats.
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