SWOT Analysis Quiz
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Questions and Answers

What does SWOT stand for?

  • Strengths, Weaknesses, Opportunities, Threats (correct)
  • Sales, Workforce, Operations, Taxes
  • Strategy, Workload, Objectives, Training
  • Strengths, Weaknesses, Organization, Technology
  • Which factors are considered as internal factors in the SWOT analysis?

  • Market trends, customer behavior, competition
  • Financial resources, physical resources, human resources (correct)
  • Regulatory changes, economic conditions, technological advancements
  • Global events, political climate, environmental factors
  • What is the main purpose of the SWOT analysis?

  • To analyze historical financial data
  • To assess customer satisfaction
  • To help a company identify its risks and rewards (correct)
  • To create marketing campaigns
  • Who were the initiators of the SWOT analysis framework?

    <p>Edmund P. Learned, C. Roland Christensen, Kenneth Andrews, William D. Book</p> Signup and view all the answers

    What did the initiators use as a guide for identifying a company's strengths, weaknesses, opportunities, and threats?

    <p>A diagram</p> Signup and view all the answers

    What is the main purpose of the SWOT analysis framework?

    <p>To help a company meet its challenges and identify new markets</p> Signup and view all the answers

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

    <p>Financial resources such as money and sources of funds for investment</p> Signup and view all the answers

    What did the initiators of the SWOT analysis use as a guide for identifying a company's strengths, weaknesses, opportunities, and threats?

    <p>A diagram</p> Signup and view all the answers

    Which of the following is considered a weakness in the SWOT analysis framework?

    <p>Lack of skilled employees</p> Signup and view all the answers

    What are the external forces that the SWOT analysis can help identify?

    <p>Opportunities and threats</p> Signup and view all the answers

    Study Notes

    SWOT Analysis

    • SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.

    Internal Factors

    • Internal factors in SWOT analysis include: • Strengths • Weaknesses

    Purpose of SWOT Analysis

    • The main purpose of the SWOT analysis is to identify and assess a company's internal strengths and weaknesses, as well as external opportunities and threats.

    Initiators of SWOT Analysis

    • The initiators of the SWOT analysis framework are: • Albert Humphrey and his team

    Guide for SWOT Analysis

    • They used the following as a guide for identifying a company's strengths, weaknesses, opportunities, and threats: • Internal factors: Strengths and Weaknesses • External factors: Opportunities and Threats

    External Forces

    • SWOT analysis can help identify external forces, including: • Opportunities • Threats

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    Description

    Test your knowledge of SWOT analysis with this quiz! SWOT, which stands for Strengths, Weaknesses, Opportunities, and Threats, is a strategic planning tool used to assess a company's internal and external factors. This quiz will cover the basics and application of SWOT analysis in business.

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