One effective approach to strategic planning in a business plan includes:
A) Marketing
B) Social marketing
C) SWOT analysis
D) Market analysis

Question

Quizplus · Accepted Answer

SWOT analysis, where "S" refers to strengths and assets, "W" to weaknesses and limitations, "O" to opportunities, and "T" to threats. Once the organization's strengths, weaknesses, opportunities, and threats are identified, a strategic plan can be developed to address these factors.

One Effective Approach to Strategic Planning in a Business Plan