Sources of Business Ideas & SWOT Analysis

What does SWOT stand for in SWOT Analysis?

• • Sales, Wins, Opportunities, Threats

• Strengths, Weaknesses, Opportunities, Threats

• Strategies, Work, Operations, Techniques

• Skills, Wins, Objectives, Targets

Which of the following is considered an external source of business ideas?

• Skills

• Experience

• Social Trend

• Personal interest

Which of these would be a weakness in a SWOT analysis?

• A well-known brand

• High-quality products

• Poor customer service

• A growing economy

What does the 'O' in SWOT analysis represent?

• Operation

• Obstacle

• Offering

• Opportunity

Which of these is an internal source of business ideas?

• Online Reports

• Personal hobbies

• Family & Friends

• Customer Feedback

Where can you get a business idea from?

• Your hobbies

• A book

• A friend

• All the above

In SWOT, what does 'Strength' mean?

• Something good about your idea

• Something bad about your idea

• A new idea

• A problem

What is a 'Weakness' in your business idea?

• Something you are good at

• A big chance

• A problem or bad part

• A happy customer

What is a 'business idea'?

• A plan to make money

• A new game

• A school subject

• A type of food

Why should you think about 'Opportunities'?

• They can help your business grow

• They tell you what to sell

• They show you where to go

• They choose your business name