Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
PEST
B
SWOT
C
VRIO
D
Porter's Five Forces
Understanding the Answer
Let's break down why this is correct
Answer
The blank is filled with “SWOT,” which stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis lets a business or project team look inside and outside the organization, spotting internal strengths and weaknesses while scanning the market for opportunities and threats. By comparing these four elements, managers can decide where to invest, which risks to mitigate, and which external chances to chase. For example, a small coffee shop might find its strong local brand (strength), limited menu (weakness), a nearby office park (opportunity), and rising rent prices (threat). This simple framework helps turn data into clear strategic choices.
Detailed Explanation
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Other options are incorrect because This technique looks at political, economic, social, and technological forces; This framework checks if resources are valuable, rare, hard to copy, and organized.
Key Concepts
Business Analysis Techniques
Strategic Planning
SWOT Analysis
Topic
Business Analysis Techniques
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
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