What Is SWOT Analysis? List Its Four Elements and Describe

question 63

Essay

What is SWOT analysis? List its four elements and describe its purpose.

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Definitions:

First Ten Amendments

Collectively known as the Bill of Rights, these amendments to the U.S. Constitution guarantee fundamental rights and protections to American citizens.

Constitution

The fundamental legal document that establishes the framework of a governmental system, outlines the rights and duties of citizens, and defines the distribution of power among the branches of government.

Labor Productivity

Labor productivity measures the output of goods and services per unit of labor input, often used as an indicator of economic efficiency and competitiveness.

Wage Rate

Rephrased: Wage Rate, in economics, denotes the fixed amount of money paid on a regular basis for labor services, typically noted as an hourly or annual figure.