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Once a Business Is Ready to Move from Identifying Industry

Question 31

Multiple Choice

Once a business is ready to move from identifying industry challenges to overcoming them, the company may choose to complete a SWOT analysis. This tool helps the organization identify internal and external factors affecting them. Which of the following correctly aligns with the elements of SWOT?


A) Opportunities: Good relationship with customers.
B) Strengths: The business can franchise its operations.
C) Threats: The business is mobile-only with no brick-and-mortar location.
D) Weaknesses: The business is limited in capacity due to owning a small amount of equipment.

Correct Answer:

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