The Primary Purpose of Using a SWOT Analysis Is to ________

question 10

Multiple Choice

The primary purpose of using a SWOT analysis is to ________.

• A) avoid exposure to threats
• B) eliminate internal weaknesses
• C) change weaknesses into strengths
• D) match opportunities and strengths

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Definitions:

Equilibrium

The condition that exists when quantity supplied and quantity demanded are equal. At equilibrium, there is no tendency for price to change.

Incentive

A factor, often financial, that motivates individuals or organizations to perform certain actions or behave in a desired way.

Long Run

A period in economics sufficient for all adjustments to be made, including physical capital and not just prices.

Licenses

Official permits to own or do something, typically issued by a government authority.