What Is a SWOT Analysis

question 318

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:

Apothecary Equivalent

A term referring to the system of weight and volume measurement used historically in pharmacies and the science of pharmacy.

Fluid Ounce

A unit of volume typically used in measuring liquids, equivalent to approximately 28.4 ml in the British imperial system and 29.6 ml in the US system.

Thyroid

A gland in the neck that produces hormones regulating growth and development through the rate of metabolism.

Practitioner

A professional engaged in the practice of a particular occupation or profession, often within the healthcare industry.