What does SWOT stand for in SWOT analysis?

• Strengths, Weaknesses, Opportunities, Threats

• Sales, Workforce, Organization, Technology

• Strategy, Workflow, Objectives, Trends

• Success, Wealth, Ownership, Trends

In a SWOT analysis, which of the following would be considered an internal factor?

• Economic conditions

• Competitor strategies

• Company culture

• Government regulations

Which of the following is NOT a common element of a PEST analysis?

• Political factors

• Economic factors

• Strategic factors

• Technological factors

In a PEST analysis, which factor would involve evaluating government stability and policies?

• Political factors

• Economic factors

• Social factors

• Technological factors

When assessing risks in a business context, what does the term "opportunity risk" refer to?

• Risks associated with seizing new opportunities

• Risks associated with ignoring opportunities

• Risks associated with market competition

• Risks associated with economic factors

Which of the following is an example of an external risk to a business?

• Employee turnover

• Law changes

• Product quality issues

• Supplier relationships

Which of the following is a limitation of PEST analysis?

• It provides a detailed internal view of the organization.

• It may not account for changes in the business environment over time.

• It focuses exclusively on financial factors.

• It is primarily used for strategic planning.

These two are considered as internal of the business when doing a SWOT analysis.

• Strengths and Opportunities

• Opportunities and Weaknesses

• Weaknesses and Strengths

• Weaknesses and Threats

In a SWOT analysis, which of the following is an example of a "Weakness"?

• Strong brand reputation

• Skilled and motivated workforce

• Outdated technology

• Growing market demand

If an entrepreneur is said to be Risk willing, what does that mean.