Questions
BUSN 0302 Module 2 Knowledge Check
Single choice
Which of the following statements best describes the role of a SWOT analysis in business strategy?
Options
A.SWOT analysis identifies all potential risks that a business may face in the future
B.SWOT analysis helps a business develop detailed financial projections for future growth
C.SWOT analysis is a tool used to assess a company’s internal strengths and weaknesses and external opportunities and threats
D.SWOT analysis focuses solely on a company’s market opportunities to identify growth areas
E.SWOT analysis is primarily concerned with assessing the legal and regulatory environment of a business
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Step-by-Step Analysis
To begin evaluating the statements about SWOT analysis, I’ll consider what SWOT stands for and what it is designed to do.
Option 1: 'SWOT analysis identifies all potential risks that a business may face in the future' — This overstates SWOT's scope. While it does help notice threats, it does not guarantee identifying all potential risks; it’s a structured, but incomplete, view of risks rather than......Login to view full explanationLog in for full answers
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