Learning Path
Question & Answer
Choose the Best Answer
The owner lists their café's location as a weakness and decides to move to a more populated area without considering other factors.
The owner identifies high-quality ingredients as a strength, recognizes the growing trend of organic food as an opportunity, but fails to address their limited social media presence as a threat.
The owner assesses their strengths and weaknesses, such as unique recipes and limited marketing, while also exploring opportunities like community events and threats like nearby competition.
The owner focuses solely on external threats and opportunities, ignoring internal strengths and weaknesses which limits their strategic planning.
Understanding the Answer
Let's break down why this is correct
The owner looks at what the café does well, what it lacks, what outside chances exist, and what outside dangers loom. Other options are incorrect because The owner focuses only on the café’s location and thinks moving will solve everything; The owner notes good ingredients and an organic food trend but overlooks its weak social media.
Key Concepts
SWOT Analysis
medium level question
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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.
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