What Is a SWOT Analysis

question 293

Multiple Choice

What is a SWOT analysis?

• A)evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies
• B)analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C)views a firm as a series of business processes, each of which adds value to the product or service
• D)generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service

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Definitions:

Selection Bias

A distortion in statistical analysis resulting from the method of collecting samples.

Positive Correlation

A relationship between two variables in which both variables move in the same direction.

Foot Size

A measurement of the length of a person's foot, often used in determining appropriate shoe fitting.

Neutral

Not supporting or helping either side in a conflict, dispute, or competition.