SWOT analysis was created to describe the competitive forces in a market economy that help shape an industry.

Name: SWOT analysis was created to describe the competitive forces in a market economy that help shape an industry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

SWOT analysis is a strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning, rather than describing competitive forces in a market economy.

SWOT Analysis Was Created to Describe the Competitive Forces in a Market