Learning Path
Question & Answer
Choose the Best Answer
A company with strong R&D capabilities partners with a startup to innovate new products.
A company reduces its workforce to cut costs in response to declining sales.
A company increases its marketing budget to combat competition.
A company focuses solely on maintaining existing products without exploring new markets.
Understanding the Answer
Let's break down why this is correct
The company uses its strong research and development ability to team up with a new startup. Other options are incorrect because Cutting staff to save money is about reducing costs, not using a strength to grow; Boosting marketing spend fights rivals but does not show a strength being used for new chances.
Key Concepts
SWOT Analysis
medium level question
understand
Deep Dive: SWOT Analysis
Master the fundamentals
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.
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.