In a SWOT Analysis, Strengths and Weaknesses Originate Inside an Organization

question 37

True/False

In a SWOT analysis, strengths and weaknesses originate inside an organization, or internally. Opportunities and threats originate outside an organization, or externally, and cannot always be anticipated or controlled.

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Definitions:

Labour Costs

The total amount of money that businesses need to pay to their employees, including wages, salaries, and benefits.

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment.

Training Needs

Identification of gaps in knowledge, skills, and abilities among employees or a workforce, which can be addressed through targeted training programs.

Training Methods

Various approaches and techniques used to enhance the skills, knowledge, and abilities of employees.