Author Question: Define the aspects of a SWOT analysis and how it can benefit a ... (Read 163 times)

Mr3Hunna · **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.

gasdhashg · **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