In a SWOT Analysis, Potential External Opportunities Are Helpful When

question 15

True/False

In a SWOT analysis, potential external opportunities are helpful when they identify all significant trends along with how the organization can benefit from each, including new markets, additional customer groups, legal changes, innovative technologies, population changes, competitor issues, and so on.

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Definitions:

Salvage Value

The forecasted sell-off price of an asset after its serviceable life has ended.

Natural Resources

Raw materials obtained from the Earth, which are utilized in the production of goods and services.

Standing Timber

Trees that are currently growing and not yet harvested, considered as assets for companies in the forestry industry.

Underground Deposits

Natural accumulations of minerals, oil, gas, or water located beneath the earth's surface which can be extracted for use or sale.