In SWOT analysis, Strengths and Weaknesses area.External factorsb.Internal factorsc.Both A & Bd.None
Question
In SWOT analysis, Strengths and Weaknesses are:
- a. External factors
- b. Internal factors
- c. Both A & B
- d. None
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Solution
Break Down the Problem
- Identify the categories of factors involved in a SWOT analysis.
- Distinguish between internal and external factors.
Relevant Concepts
- SWOT analysis is a strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats.
- Strengths and Weaknesses are considered internal factors, while Opportunities and Threats are external factors.
Analysis and Detail
- Strengths: These refer to internal attributes and resources that support a successful outcome. For example, a strong brand, loyal customer base, or unique technology.
- Weaknesses: These refer to internal factors that could hinder performance. This could be a lack of resources or expertise, or poor location.
- External Factors: These refer to outside elements impacting the decisions and strategies of an organization, which involves Opportunities and Threats.
Verify and Summarize
- The question is specifically about the classification of Strengths and Weaknesses in a SWOT analysis.
- Since both of these categories are related to internal factors, the correct answer can be confirmed.
Final Answer
b. Internal factors
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