Identify and Describe the Four Critical Factors in a SWOT

question 80

Essay

Identify and describe the four critical factors in a SWOT analysis that help an organization identify the critical strategy-related factors that could have major effects on it.
The four critical factors in a SWOT analysis are:

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Definitions:

Gross Profit

The revenue a company retains after subtracting the expenses related to the production and sale of its goods or the provision of its services.

Operating Expenses

Recurring expenses related to the normal operations of a business, such as salaries, rent, utilities, and marketing costs, excluding the cost of goods sold.

Cost of Goods Sold

The expenditures directly related to generating the products a firm sells, which include the costs of materials and labor.

Classified Balance Sheet

A financial statement that groups a company’s assets, liabilities, and equity into categories, making it easier to understand a company’s financial position.