Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
SWOT Analysis
B
Cost-Benefit Analysis
C
Fishbone Diagram
D
PEST Analysis
Understanding the Answer
Let's break down why this is correct
Answer
The company should use a SWOT analysis, which looks at Strengths, Weaknesses, Opportunities, and Threats. This technique helps the firm map internal positives and negatives while also spotting external chances and risks. By gathering data from employees, customers, and market research, the team can fill each quadrant and see where the business shines or falters. For instance, a tech startup might find strong brand recognition (strength) but limited cash flow (weakness), a growing demand for AI tools (opportunity), and rising competition from larger firms (threat). This clear picture guides strategic decisions and resource allocation.
Detailed Explanation
SWOT looks inside the company for strengths and weaknesses, and outside for opportunities and threats. Other options are incorrect because Cost‑Benefit Analysis compares money saved versus money spent on a project; Fishbone Diagram is a root‑cause tool.
Key Concepts
SWOT Analysis
Business Analysis Techniques
Market Positioning
Topic
Business Analysis Techniques
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
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