What mechanism is used to examine external threats and opportunities facing a firm as well as its internal strengths and weaknesses?

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Quizplus · Accepted Answer

A situational analysis, also known as a SWOT analysis, is a commonly used tool for examining a firm's external threats and opportunities, as well as its internal strengths and weaknesses. It involves assessing the company's current position and potential for growth in relation to its competitors and the broader market environment. This information is then used to inform strategic decision-making and planning.

What Mechanism Is Used to Examine External Threats and Opportunities