When a Company Makes Use of SWOT Analysis,one of Its

question 69

Multiple Choice

When a company makes use of SWOT analysis,one of its objectives is to do which of the following?

• A) identify the best employees to fill each position within the organization
• B) set specific short-term performance standards for each department
• C) evaluate the desirability of issuing stocks or bonds in the current financial climate
• D) identify the things it does well as an organization and the things it needs to improve

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Definitions:

Industry

The sector of an economy that is concerned with production and manufacturing of goods, or provision of services.

Entry Barriers

Obstacles that prevent new competitors from easily entering an industry or area of business.

Competitors

Other businesses or individuals that offer similar products or services within the same market, competing for the same set of customers.

Market

An area or arena in which commercial dealings are conducted.