A SWOT Analysis Is Not Necessary If the Firm Is Considering

question 142

True/False

A S.W.O.T. analysis is not necessary if the firm is considering entering an established market that is already served by competitors.

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Definitions:

Stress

A psychological and physical response to demands or threats, often characterized by feelings of tension, worry, and heightened arousal.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" phenomenon.

Confirmation Bias

Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Counterfactual Thinking

The mental process of imagining alternative scenarios and outcomes that didn't actually happen.