A S.W.O.T. Analysis

question 249

Multiple Choice

A S.W.O.T. analysis

• A) focuses on what a firm plans to do to "Satisfy Wishes Of a Target" customer.
• B) summarizes a firm's "strategy, wishes (of its customers), outlook, and tactics."
• C) helps defend against potential competitors by developing a set of competitive "safeguards, weapons, offensives, and tactics."
• D) identifies a firm's "strengths, weaknesses, opportunities, and threats."
• E) seeks to reduce the risk of competitive surprises by scanning the market for "signals, warnings, omens, and tips."

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Definitions:

Self-serving Bias

The tendency to attribute personal successes to internal factors while attributing failures to external factors.

Attribution Theory

A concept in social psychology that explores how individuals infer the causes of others' behavior, attributing it to either internal dispositions or external situations.

Internal And External Attributions

The process of explaining one's own behavior and the behavior of others by attributing causes to internal dispositions or to external situations.

Attribution Errors

Cognitive biases that occur when an individual incorrectly assigns cause or blame to events based on their perception, often overlooking external factors.