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Author Question: Define the aspects of a SWOT analysis and how it can benefit a ... (Read 166 times)

Mr3Hunna

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on: Jul 14, 2018
Define the aspects of a SWOT analysis and how it can benefit a company.

Question 2

Which of the following statements is true of contingency planning?
 A) It is planned for a five-year time frame.
  B) It considers factors of internal business environment rather than external environment.
  C) It focuses on the issues that are most probable and most potentially harmful.
  D) It applies tactical plans to daily, weekly, and monthly operations.


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gasdhashg

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A SWOT analysis is the identification and evaluation of a firm's strengths, weaknesses, opportunities, and threats. The strengths and weaknesses are internal factors of the company while the opportunities and threats are external. A SWOT analysis can help managers identify and understand the positive and negative aspects of their business as well as be cognizant of the opportunities that arise and can be taken advantage of and the threats that a company need pay close attention to.

Answer to Question 2

C


Mr3Hunna

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Reply 2 on: Jul 14, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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