Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Identify strengths → B. Identify weaknesses → C. Identify opportunities → D. Identify threats
B
Identify threats → B. Identify opportunities → C. Identify weaknesses → D. Identify strengths
C
Identify weaknesses → B. Identify threats → C. Identify strengths → D. Identify opportunities
D
Identify opportunities → B. Identify strengths → C. Identify threats → D. Identify weaknesses
Understanding the Answer
Let's break down why this is correct
Answer
First, decide what you want to learn from the SWOT analysis—like whether a new coffee shop should expand. Next, collect information about the shop’s customers, suppliers, and competitors. Then list what the shop does well and where it struggles, and separately note outside chances and risks. After that, compare the lists to see which strengths can use opportunities and which weaknesses need to guard against threats. Finally, turn the findings into a clear action plan, such as improving marketing to attract more customers while keeping an eye on rising rent costs.
Detailed Explanation
First look inside the company to find what it does well and where it can improve. Other options are incorrect because Starting with threats and opportunities skips the company’s own strengths and weaknesses; Listing weaknesses before threats mixes up inside and outside thinking.
Key Concepts
SWOT Analysis
Business Process Improvement
Strategic Planning
Topic
Business Analysis Techniques
Difficulty
hard level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Which of the following statements accurately describe the components of a SWOT analysis? Select all that apply.
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Question 2Arrange the steps of conducting a SWOT analysis in the correct order.
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Question 3Arrange the following steps in the correct order for developing a successful business strategy: A) Conduct a SWOT analysis B) Define the organization's vision and mission C) Implement the strategy D) Evaluate and adjust the strategy as necessary
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Question 4Order the steps in conducting a SWOT analysis effectively.
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Question 6Arrange the steps of conducting a SWOT analysis in the correct order.
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Question 7Arrange the following steps in the correct order for developing a successful business strategy: A) Conduct a SWOT analysis B) Define the organization's vision and mission C) Implement the strategy D) Evaluate and adjust the strategy as necessary
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Question 8Order the steps in conducting a SWOT analysis effectively.
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Question 9Arrange the steps of conducting a SWOT analysis in the correct order.
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Question 10Arrange the following steps in the correct order for developing a successful business strategy: A) Conduct a SWOT analysis B) Define the organization's vision and mission C) Implement the strategy D) Evaluate and adjust the strategy as necessary
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