While conducting a SWOT analysis,"slower market growth" would be categorized under which of the following?

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SWOT analysis is a planning exercise in which managers identify internal organizational strengths (S) and weaknesses (W) and external environmental opportunities (O) and threats (T). Based on a SWOT analysis, managers at the different levels of the organization select the corporate, business, and functional strategies to best position the organization to achieve its mission and goals, Slower market growth is an external, negative factor, and therefore a potential threat.Refer: Table 6.1

While Conducting a SWOT Analysis,"slower Market Growth" Would Be Categorized