Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
A company with strong R&D capabilities partners with a startup to innovate new products.
B
A company reduces its workforce to cut costs in response to declining sales.
C
A company increases its marketing budget to combat competition.
D
A company focuses solely on maintaining existing products without exploring new markets.
Understanding the Answer
Let's break down why this is correct
Answer
In a SWOT analysis, leveraging strengths to seize new opportunities means using what the company already does well to explore fresh markets. For example, a tech firm that has a very strong research and development team can use that strength to create an innovative AI platform that meets a growing demand for automation. By combining its proven R&D capability (strength) with the rising interest in AI solutions (opportunity), the company can launch a new product line faster and more effectively than competitors. This scenario shows the company turning its internal advantage into a new market advantage.
Detailed Explanation
The company uses its strong research and development skill to team up with a startup. Other options are incorrect because Cutting staff is a cost‑saving move, not a way to use a strength; Spending more on marketing fights rivals, but it does not use a company’s own strength.
Key Concepts
Strengths
Opportunities
Topic
SWOT Analysis
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1In a SWOT analysis, which of the following scenarios best illustrates leveraging strengths to seize new opportunities in a technology company?
mediumBusiness
Practice
2
Question 2In conducting a SWOT analysis, which of the following best describes how a company's strengths can be leveraged in its action plan when considering external factors?
hardBusiness
Practice
3
Question 3In a SWOT analysis, how should a company prioritize its strategies based on identified strengths and weaknesses?
hardBusiness
Practice
4
Question 4In a SWOT analysis, which of the following scenarios best illustrates leveraging strengths to seize new opportunities in a technology company?
mediumBusiness
Practice
5
Question 5In conducting a SWOT analysis, which of the following best describes how a company's strengths can be leveraged in its action plan when considering external factors?
hardBusiness
Practice
6
Question 6In a SWOT analysis, how should a company prioritize its strategies based on identified strengths and weaknesses?
hardBusiness
Practice
7
Question 7In conducting a SWOT analysis, which of the following best describes how a company's strengths can be leveraged in its action plan when considering external factors?
hardBusiness
Practice
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.