Which of the Following Statements About S

question 36

Multiple Choice

Which of the following statements about S.W.O.T. analysis is true?

• A) It is a useful aid for identifying relevant screening criteria and for zeroing in on a feasible strategy.
• B) S.W.O.T. is simply an abbreviation for the first letters of the words: strengths, weaknesses, opportunities, and threats.
• C) It identifies and lists the firm's strengths and weaknesses and its opportunities and threats.
• D) It helps managers focus on a strategy that takes advantage of the firm's strengths and opportunities while avoiding its weaknesses and threats to its success.
• E) All of these statements about S.W.O.T. analysis are true.

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Definitions:

W. Edwards Deming

An American engineer, statistician, professor, author, lecturer, and management consultant known for his work in quality management.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes, materials, and people effectively.

Service Attribute

A feature or characteristic that adds value to a service, influencing customer satisfaction and preferences.

Intangible Product

A product that cannot be touched or physically measured, such as digital goods, services, or intellectual property.