SWOT analysis

What does SWOT stand for in SWOT Analysis?

• Strengths, Weaknesses, Opportunities, Threats

• Strategy, Work, Objectives, Targets

• Systems, Workflow, Operations, Tactics

• Skills, Workforce, Output, Trends

Which of the following is considered an external factor of business?

• Company culture

• Economic conditions

• Employee skills

• Internal policies

What is a key characteristic of entrepreneurship?

• Avoiding risks

• Following established procedures

• Innovating and taking risks

• Maintaining the status quo

Which of the following is a form of business ownership?

• Partnership

• Employment

• Management

• Investment

What is SWOT analysis primarily used for in business?

• To evaluate a company's financial statements

• To assess a company's market share

• To evaluate a company or a specific project

• To determine employee satisfaction

Which of the following is considered an internal factor in SWOT analysis?

• Opportunities

• Threats

• Strengths

• Market trends

In SWOT analysis, what does the 'O' stand for?

• Objectives

• Opportunities

• Operations

• Obligations

SWOT analysis is a part of which management process?

• Financial planning

• Strategic planning

• Human resource management

• Marketing strategy

What are the components of the economic environment in business?

• Culture, values, beliefs

• Type of economy, strength of economy, political/legal environment

• Technological advancements

• Global factors

Which environment includes culture, values, and beliefs?

• Economic Environment

• Social Environment

• Technological Environment

• Competitive Environment