QUESTION IMAGE
Question
which statement best describes opportunities in a swot analysis?
things a company does well
areas in which a company is lacking
anything that could increase sales and grow a company
anything that poses a risk to a companys success and growth
Brief Explanations
In SWOT analysis, "Opportunities" refer to external factors that can benefit the company. Let's analyze each option:
- "Things a company does well" is "Strengths" (internal positive).
- "Areas in which a company is lacking" is "Weaknesses" (internal negative).
- "Anything that could increase sales and grow a company" fits the definition of opportunities (external positive factors for growth).
- "Anything that poses a risk to a company's success and growth" is "Threats" (external negative).
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The option "Anything that could increase sales and grow a company" best describes opportunities in a SWOT analysis.