Define SWOT Analysis and Provide an Example of How Such

question 4

Essay

Define SWOT analysis and provide an example of how such an analysis could be applied to a specific business.

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Definitions:

Exploitation

The act of unfairly using someone or something for one's own advantage, often economically or socially.

Exploration

Refers to the act of investigating, studying, or examining unknown areas and ideas to gain new knowledge or insight.

Implementation

The act of putting a decision or plan into effect; executing or enacting a procedure or program.

Social Comparison

The process of evaluating oneself by comparing with others, often to assess one's abilities, status, or attitudes in relation to those of others.