Exploring Business Analysis Quiz!

Positive and controllable factors that contribute to the business’ success.

• Strength

• Weaknesses

• Opportunities

• Threats

Negative factors that are beyond the control of the business.

• Strength

• Weaknesses

• Opportunities

• Threats

Areas where you or your organization may be weaker than others.

• Strength

• Weaknesses

• Opportunities

• Threats

Positive factors that are not within the control of the business.

• Strength

• Weaknesses

• Opportunities

• Threats

What is the purpose of performing a SWOT Analysis?

• Identifies internal and external factors that may affect the business future performance.

• Access a organisations performance

• Evaluates whether the business venture is a good idea.

• Gives the management team a broader view on the potential opportunity

Identify 5 steps in how to write up a good swot analysis?

• Draw conclusions, Determine the objectives, create a grid, label each box, add strengths and weaknesses.

• Add strengths and weaknesses, identify opportunities and threats, determine the objectives, sort by importance, draw conclusions.

• Determine the objectives, create a grid, label each box, add strengths and weaknesses, draw conclusions.

Which elements are INTERNAL (inside the business)?

• opportunities and threats

• strengths and opportunities

• strengths and weaknesses

• weaknesses and threats

Which elements are EXTEARNAL (outside of the business)?

• weaknesses and strengths

• opportunities and strengths

• strengths and weaknesses

• opportunities and threats

Your staff is very well trained.

• strengths

• weakness

• opportunities

• threats

A new competitor (a business selling similar products) has opened nearby

• strengths

• weakness

• opportunity

• threat