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Business Quiz: SWOT Analysis

Test your understanding of SWOT analysis in the context of business. Answer the following questions based on your knowledge of this strategic planning tool.

Questions

  1. What does SWOT stand for in the context of business analysis?

  2. Identify one internal strength of a company when conducting a SWOT analysis and explain how it can be leveraged.

  3. What is one potential threat that companies may face in their external environment during a SWOT analysis? Provide an example of how this could impact a business.

  4. In a SWOT analysis, why is it important to identify weaknesses? Discuss how a business can address these weaknesses.

  5. Explain how opportunities identified in a SWOT analysis can lead to strategic initiatives for a business. Provide one example of an opportunity and its possible impact.


Feel free to jot down your answers and reflect on your understanding of SWOT analysis in business contexts. Good luck!