analysis is used to help companies evaluate their economic environments, assess their strengths and weaknesses,and identify competitive threats and market opportunities.

Question

Quizplus · Accepted Answer

SWOT analysis is a commonly used tool to analyze a company's Strengths, Weaknesses, Opportunities, and Threats. It helps companies to determine their current position in the market and make strategic decisions based on that. A, B, and D are not appropriate choices as they do not relate to any kind of economic analysis.

Analysis Is Used to Help Companies Evaluate Their Economic Environments