Asked by Darian Appelt on Jun 18, 2024
Verified
In terms of a SWOT analysis,a strength is best defined as something that the firm does ________.
A) better than the competition
B) with consistency
C) really well
D) profitably
SWOT Analysis
A strategic planning tool that assesses a company's strengths, weaknesses, opportunities, and threats.
Strength
An organization's capabilities or resources that give it an advantage in meeting the needs of its target markets.
- Differentiate among strengths, weaknesses, opportunities, and threats within a SWOT analysis framework.
Verified Answer
SA
stephen angelesJun 23, 2024
Final Answer :
A
Explanation :
A strength is best defined as a positive attribute of the firm that it does better than its competitors. It is an internal asset or capability that gives the firm a competitive advantage in the market. Consistency, doing something really well, or profitability are by-products of a firm's strength, but not the defining characteristic.
Learning Objectives
- Differentiate among strengths, weaknesses, opportunities, and threats within a SWOT analysis framework.
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