A methodology that surveys external opportunities and threats and relates them to internal strengths and weaknesses best defines
A) business case.
B) business plan.
C) SWOT analysis.
D) competitor analysis grid.

Question

Quizplus · Accepted Answer

SWOT analysis is a methodology that surveys external opportunities and threats and relates them to internal strengths and weaknesses to understand a business and its environment better. This analysis helps identify strategic initiatives and decisions that an organization can make while avoiding potential mistakes. A business case is a document that outlines the reasons why a business initiative or project is justified. A business plan is a comprehensive roadmap detailing how a company plans to achieve its goals. A competitor analysis grid is a tool used to assess a company's competitors' strengths and weaknesses.

A Methodology That Surveys External Opportunities and Threats and Relates