The step of strategic planning in which the internal strengths and weaknesses of a business and the opportunities and threats that exist outside the business is called a(n)

Question

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The step of strategic planning that involves analyzing the internal strengths and weaknesses of a business and the opportunities and threats that exist outside the business is known as a SWOT analysis (which stands for Strengths, Weaknesses, Opportunities, and Threats). A SWAT analysis, on the other hand, is not a standard term in strategic planning, and may be a misspelling or a different methodology altogether. A "Internal environmental analysis" and "External environmental analysis" are not complete terms, as they do not indicate the specific focus of the analysis. Thus, the best answer is B, SWOT analysis.

The Step of Strategic Planning in Which the Internal Strengths