SWOT Analysis Quiz

What does SWOT stand for in SWOT analysis?

• Sales, Wins, Objectives, Targets

• Strategy, Workforce, Operations, Technology

• Success, Wealth, Organization, Tactics

• Strengths, Weaknesses, Opportunities, Threats

What is the purpose of a SWOT analysis?

• To evaluate a company's competitive position and develop strategic planning

• To calculate financial ratios and profitability

• To analyze historical stock prices and market trends

• To assess employee performance and productivity

Which of the following is considered a strength in a SWOT analysis?

• Rising costs for materials and increasing competition

• High levels of debt and inadequate supply chain

• Tight labor supply and lack of capital

• A strong brand and loyal customer base

What do weaknesses refer to in a SWOT analysis?

• Areas where the business needs to improve to remain competitive

• Favorable external factors that could give an organization a competitive advantage

• Factors that have the potential to harm an organization

• Factors that separate an organization from the competition

What do opportunities refer to in a SWOT analysis?

• Favorable external factors that could give an organization a competitive advantage

• Factors that have the potential to harm an organization

• Factors that separate an organization from the competition

• Areas where the business needs to improve to remain competitive

What do threats refer to in a SWOT analysis?

• Factors that have the potential to harm an organization

• Favorable external factors that could give an organization a competitive advantage

• Factors that separate an organization from the competition

• Areas where the business needs to improve to remain competitive

What is the first step in conducting a SWOT analysis?

• Determine the objective

• Compile ideas

• Refine findings

• Gather resources

What is the final step in conducting a SWOT analysis?

• Gather resources

• Develop the strategy

• Refine findings

• Compile ideas

What is the purpose of refining the findings in a SWOT analysis?

• To compile ideas within each category

• To focus on only the best ideas or largest risks to the company

• To gather resources for the analysis

• To determine the objective of the analysis

How is a SWOT analysis presented visually?

• As a circle divided into equal sections

• As a line graph showing trends over time

• As a square segmented into four quadrants

• As a scatter plot comparing two variables