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

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?

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Description

Test your knowledge of SWOT analysis, a framework used to evaluate a company's competitive position and develop strategic planning. This quiz will assess your understanding of when to use SWOT analysis and how it can guide organizations in identifying strengths, weaknesses, opportunities, and threats.