Learning Path
Question & Answer
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To identify marketing trends in the industry
To understand internal capabilities and external market conditions
To create a financial forecast for the product
To comply with industry regulations
Understanding the Answer
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A SWOT analysis looks at the company’s strengths and weaknesses inside the firm and at opportunities and threats outside the firm. Other options are incorrect because People sometimes think SWOT only tells about market trends; Some believe a SWOT creates a financial forecast.
Key Concepts
SWOT Analysis
easy level question
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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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