3.1.3 SWOT Analysis

0.0(0)
studied byStudied by 0 people
full-widthCall with Kai
GameKnowt Play
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/7

flashcard set

Earn XP

Description and Tags

Theme 3 Business ( paper 2)

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

8 Terms

1
New cards

SWOT analysis

A tool that provides a business an outline of what advantages over competitors that they may have and what might be their vulnerabilities.

2
New cards

Strengths

Capabilities that the business has (things the business is good at or the positivity of the business).

3
New cards

Weaknesses

What areas a business may be weak in.

4
New cards

Opportunities

A chance for the business to seize to develop their business and make a choice for the greater of the business.

5
New cards

Threats

Changes that may harm the business and the business will need to have a plan to respond to it.

6
New cards

Tactical decisions

SWOT is used to make tactical and strategic decisions.

7
New cards

Strategic decisions

SWOT is used to make tactical and strategic decisions.

8
New cards

Business expansion

If there is an opportunity to the business to expand then the business may do this analysis causing a change in their original strategy.