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Question & Answer
Choose the Best Answer
Strengths refer to internal capabilities that can help achieve objectives.
Weaknesses are always permanent limitations that cannot be improved.
Opportunities are external factors that can be leveraged for growth.
Threats are only financial risks that a business may encounter.
A SWOT analysis should only be conducted once and not revisited.
Understanding the Answer
Let's break down why this is correct
Strengths are internal capabilities that help a company reach its goals. Other options are incorrect because Weaknesses are not fixed forever; many can be fixed or made less harmful; Threats include all kinds of dangers, not just money problems.
Key Concepts
SWOT Analysis
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Deep Dive: SWOT Analysis
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Definition
SWOT analysis is a strategic planning technique used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business, product, or market. It helps in decision-making by assessing internal and external factors that can impact the organization's strategy and growth.
Topic Definition
SWOT analysis is a strategic planning technique used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business, product, or market. It helps in decision-making by assessing internal and external factors that can impact the organization's strategy and growth.
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