SWOT Analysis Quiz

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Questions and Answers

What is the primary purpose of SWOT analysis?

To determine the market share of a company
To assess the financial performance of a company
To analyze consumer behavior towards a company
To evaluate a company’s competitive position and develop strategic planning (correct)

When do we use SWOT analysis according to the text?

To analyze customer feedback on existing products
To conduct market research for new products
To determine the pricing strategy for a product
To explore possibilities for new efforts or solutions to problems (correct)

What are considered internal factors in SWOT analysis?

Customer preferences and market trends
Technological advancements and economic conditions
Human resources and physical resources (correct)
Competitor strategies and industry regulations

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

<p>Future trends in the fields and culture (B)</p> Signup and view all the answers

How should SWOT analysis be developed according to the text?

<p>Designate a leader with good listening skills and a recorder to back up the leader if the group is large (A)</p> Signup and view all the answers

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Study Notes

What is the primary purpose of SWOT analysis? When do we use SWOT analysis according to the text? What are considered internal factors in SWOT analysis? Which of the following is considered an external factor in SWOT analysis? How should SWOT analysis be developed according to the text?