SWOT Analysis

question 130

Multiple Choice

SWOT analysis

• A) is a way to measure whether a company's value chain is longer or shorter than the chains of key rivals.
• B) is a tool for benchmarking whether a firm's strategy is closely matched to industry key success factors.
• C) reveals whether a company is competitively stronger than its closest rivals.
• D) provides a good overview of whether a company's situation is fundamentally healthy or unhealthy.
• E) identifies the reasons why a company's strategy is or is not working very well.

Understand the process of financial projections and their comparison to industry averages.

Understand the importance and components of a business plan.

Identify strategies for setting competitive prices and targeting the appropriate market.

Recognize the importance of the executive summary in a business plan.

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Definitions:

Markus

A researcher notable for contributions to the field of psychology, especially in the areas of the self-concept and its influence on cognition and behavior.

Mere Presence

Refers to an entirely passive and unresponsive audience that is only physically present.

Audience Effect

The impact of an audience's presence on an individual's performance, typically leading to improvement or deterioration depending on the task's complexity and the performer's expertise.

Social Facilitation

The improvement in performance witnessed when individuals are observed or are in the presence of others, due to increased arousal.