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 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
Strengths
Opportunities
Topic
SWOT Analysis
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
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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?
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