In a SWOT Analysis, Strengths and Weaknesses Are Factors External

question 132

True/False

In a SWOT analysis, strengths and weaknesses are factors external to the firm that must be considered.

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Definitions:

Strategy Formulation

The process of developing a plan of action to achieve long-term goals and objectives, often within a competitive context.

Competitive Advantages

Competitive advantages are attributes that allow an organization to outperform its competitors, including superior products, cost leadership, brand strength, or efficient operations.

Luxury Sedan Market

A segment of the automobile industry focused on producing and selling high-end sedans that offer superior comfort, performance, and status.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product and/or service needs.