5 Questions
Which of the following tools can be used to identify opportunities that a business can leverage?
SWOT analysis
A business is said to have a competitive advantage when it has a _______.
Unique selling proposition
A SWOT analysis can help a business to _______.
Identify opportunities to increase revenue
Which of the following is an example of a weakness in a SWOT analysis?
High employee turnover rate
A business can use a SWOT analysis to identify _______.
Its strengths and weaknesses
Test your knowledge on the application of business principles, tools, and techniques in participating locality and how to conduct a SWOT analysis for business success. Evaluate your understanding of business strategies and their impact on local communities. Assess your ability to analyze strengths, weaknesses, opportunities, and threats in a business setting.
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