A S.W.O.T. Analysis

question 72

Multiple Choice

A S.W.O.T. analysis

• A) seeks to improve strategy planning by "Scanning for Warnings, Omens, and Tips" about competitors' plans.
• B) is not necessary if competitors have already entered the market.
• C) defends against potential competitive threats by planning specific "safeguards, weapons, or tactics."
• D) should help a manager develop a strategy that leads to a competitive advantage.
• E) None of these apply to a S.W.O.T. analysis.

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Definitions:

Detailed Information

Comprehensive and specific data or facts about a subject, providing a thorough understanding or perspective.

Competitive Advantage

The unique attributes or circumstances that enable a business to outperform its competitors.

Unnecessary Expense

Costs that are not essential for the operation or growth of a business or personal finances, often identified for reduction or elimination in budgeting efforts.