SWOT Analysis Quiz

What is the primary purpose of SWOT analysis in business strategy?

• To predict future market trends

• To develop marketing campaigns

• To create financial forecasts

• To identify strengths, weaknesses, opportunities, and threats

Which of the following is a key step in identifying business strengths during SWOT analysis?

• Exploring new markets

• Recognizing unique advantages

• Analyzing competitor strategies

• Assessing outdated systems

What should a business focus on when assessing weaknesses in SWOT analysis?

• Identifying skill gaps and limited resources

• Exploring technological advancements

• Analyzing consumer trends

• Evaluating brand reputation

How can a business benefit from identifying threats in SWOT analysis?

• By expanding into new markets

• By ignoring potential risks

• By preparing strategies to mitigate their impact

• By focusing solely on strengths

What is one of the main benefits of conducting a SWOT analysis?

• It ensures immediate financial growth

• It eliminates all business risks

• It provides a comprehensive understanding of the business landscape

• It guarantees business success