Which of the Following Statements Concerning SWOT Analysis Is FALSE

question 195

Multiple Choice

Which of the following statements concerning SWOT analysis is FALSE?

• A) Strengths are the factors that give the firm a comparative advantage in the marketplace.
• B) Weaknesses result when the company has potentially exploitable advantages over other firms.
• C) Opportunities are environmental factors that favor the firm.
• D) Threats are environmental factors that can hinder the firm in achieving its goals.
• E) None of these are correct (that is, all statements are true).

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Definitions:

Capitalism

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

Economic Contributions

The input or role an individual, group, or entity plays in the financial growth, stability, or structure of an economy.

Household Roles

The tasks and responsibilities assigned to members within a household, often based on societal norms or family agreements.

Social Change

The alteration over time in the structure and norms of a society, often due to technological, economic, political, or cultural factors.