In SWOT Analysis, Opportunities and Threats Are Identified By

question 47

Multiple Choice

In SWOT analysis, opportunities and threats are identified by:

• A) Consultation with middle management.
• B) Talking with the rank and file workers.
• C) Looking outside the firm.
• D) Brainstorming techniques.
• E) Reviewing our corporate strategy.

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Definitions:

Sunk Costs

Expenses that have already been incurred and cannot be recovered, which should not influence future business decisions.

Subsequent Decision Making

Refers to the process of making decisions that follow an initial decision, taking into account the outcomes and new information that have emerged since the first decision.

Escalation Of Commitment

The phenomenon where people increase their investment in a decision despite new evidence suggesting it may be wrong or doomed.

Positive Decision

A decision-making outcome that is affirmative and constructive, often leading to beneficial results or resolutions.