LO3 Lesson 10 SWOT Analysis Quiz

Identify what the ‘T’ in SWOT analysis refer to:

• Tactic

• Takings

• Threat

• Timely

Answer explanation

The 'T' in SWOT analysis refers to 'Threat', which involves identifying potential risks or challenges that may impact the business.

External factors are linked to which of the following?

• Opportunities and Threats

• Strengths and Opportunities

• Strengths and Weaknesses

• Weaknesses and Opportunities

Answer explanation

External factors are linked to Opportunities and Threats, as they are external elements that can present either positive or negative outcomes for an organization.

Outline what internal factors are identified during a SWOT analysis.

• Strengths and Weaknesses

• Opportunities and Threats

• Strengths and Opportunities

• Weaknesses and Threats

Answer explanation

During a SWOT analysis, internal factors identified are Strengths and Weaknesses.

Who developed the SWOT technique?

• Albert Humphrey

• Peter Drucker

• Michael Porter

• Henry Mintzberg

Answer explanation

Albert Humphrey developed the SWOT technique, making him the correct choice among the options provided.

State what type of factors Opportunities and Threats are?

• Internal factors

• External factors

• Financial factors

• Operational factors

Answer explanation

Opportunities and Threats are considered External factors that are outside the control of the organization and can impact its performance.

Identify two actions you should take after completing a SWOT analysis

• Develop strategies to address weaknesses

• Ignore the analysis and proceed as usual

• Create an action plan based on the analysis

• Disregard the opportunities identified

Answer explanation

After completing a SWOT analysis, you should create an action plan based on the analysis to address the identified strengths, weaknesses, opportunities, and threats.

Cash flow is a possible threat because:

• It can lead to liquidity issues.

• It ensures profitability.

• It guarantees financial stability.

• It eliminates all financial risks.

Answer explanation

Cash flow can lead to liquidity issues by affecting the availability of funds for day-to-day operations.

True or false? Negative press coverage and bad reviews can give the business future opportunities?

• True

• False

Answer explanation

Negative press coverage and bad reviews can harm a business's reputation and opportunities, making the statement false.

Identify two parts of the SWOT analysis matrix that are positive and helpful for achievement:

• Strengths and Opportunities

• Weaknesses and Threats

• Strengths and Threats

• Opportunities and Weaknesses

Answer explanation

Strengths and Opportunities are the positive and helpful parts of the SWOT analysis matrix for achievement.