Which of the following business tools focuses on a firm's external threats and opportunities?
A) The VRIO framework
B) The BCG matrix
C) The SWOT analysis
D) The Pareto analysis

Question

Which of the following business tools focuses on a firm's external threats and opportunities? 
A) The VRIO framework 
B) The BCG matrix 
C) The SWOT analysis 
D) The Pareto analysis

Quizplus · Accepted Answer

The SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) is commonly used to assess a firm's internal strengths and weaknesses as well as external opportunities and threats. The other options, VRIO framework, BCG matrix, and Pareto analysis, do not specifically focus on a firm's external environment.

Which of the Following Business Tools Focuses on a Firm's