MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

SWOT is one of the most commonly used analysis tools in business, but what does it analyse?

A	The external marketing environment
B	The internal marketing environment
C	The competitive environment
D	The organisation’s current situation
E	The organisation’s strategy

Explanation:

Detailed explanation-1: -It involves looking at the strengths and weaknesses of your business capabilities, and any opportunities and threats to your business.

Detailed explanation-2: -What Is SWOT Analysis? 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 helps you to identify your organization’s Strengths, Weaknesses, Opportunities, and Threats. It guides you to build on what you do well, address what you’re lacking, seize new openings, and minimize risks. Apply a SWOT Analysis to assess your organization’s position before you decide on any new strategy.

Detailed explanation-4: -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.

There is 1 question to complete.