_____ is a strategic planning tool that identifies strengths, weaknesses, opportunities, and threats in relation to the business.
A) Value chain analysis
B) Four corner's analysis
C) Porter's five forces analysis
D) SWOT analysis
E) Break-even analysis

Question

Quizplus · Accepted Answer

SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities, and threats of a business. It helps to identify the internal factors that affect the business (strengths and weaknesses) and external factors that affect the business (opportunities and threats). This information can be used in strategic planning to make decisions and take actions that will improve the business. A is incorrect as it is a tool to identify a business's primary activities and support activities that add value to the end product. B is incorrect as it is a tool that analyzes the relationships among competitors, customers, suppliers, and the company itself. C is incorrect as it analyzes the industry structure and the competitive dynamics within an industry. E is incorrect as it is a tool that helps to determine the level of sales that a business needs to break even.

_____ Is a Strategic Planning Tool That Identifies Strengths, Weaknesses