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
It is designed to examine strengths and weaknesses inside, and opportunities and threats outside. Other options are incorrect because People often think it helps with market positioning, but it actually compares costs and benefits of a project; It is often mistaken for a SWOT tool.
Key Concepts
SWOT Analysis
Business Analysis Techniques
Market Positioning
Topic
Business Analysis Techniques
Difficulty
easy level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Which business analysis technique is most effective for identifying both internal strengths and external opportunities?
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Question 2Which of the following techniques are commonly used in business analysis to identify strengths, weaknesses, opportunities, and threats within an organization? (Select all that apply)
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Question 3In the context of business analysis techniques, a ___ analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.
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Question 4Which business analysis technique is most effective for identifying both internal strengths and external opportunities?
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Question 5A company is evaluating its market position and wants to identify its strengths, weaknesses, opportunities, and threats. Which business analysis technique should they use to accomplish this?
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Question 6Which of the following techniques are commonly used in business analysis to identify strengths, weaknesses, opportunities, and threats within an organization? (Select all that apply)
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7
Question 7In the context of business analysis techniques, a ___ analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to a business or project.
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Practice
8
Question 8A company is evaluating its market position and wants to identify its strengths, weaknesses, opportunities, and threats. Which business analysis technique should they use to accomplish this?
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9
Question 9Which of the following techniques are commonly used in business analysis to identify strengths, weaknesses, opportunities, and threats within an organization? (Select all that apply)
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