Question : Which of the following is an example of an external opportunity in SWOT analysis?
Option 1: Declining market demand
Option 2: Introduction of new regulations
Option 3: Technological advancements
Option 4: High employee turnover
Correct Answer: Technological advancements
Solution : The correct answer is (c). Technological advancements
In SWOT analysis, opportunities refer to external factors or conditions that can have a positive impact on an organization's performance or strategic position. They are external circumstances that the organization can leverage to its advantage.
Technological advancements are an example of an external opportunity as they can create new possibilities, improve efficiency, enable innovation, and provide competitive advantages for organizations. Embracing and adopting new technologies can help organizations stay ahead of the competition, enhance their products or services, and explore new markets or business models.
Question : Which of the following is an example of an external threat in SWOT analysis?
Option 1: Skilled workforce
Option 2: Technological advancements
Option 3: Economic recession
Option 4: Strong brand reputation
Question : Which of the following is a technique used for forecasting market demand?
Option 1: Break-even analysis
Option 2: Market segmentation
Option 3: Regression analysis
Option 4: Pareto analysis
Question : Which of the following is an example of an external source of recruitment?
Option 1: Employee referrals
Option 2: Promotions
Option 3: Internal transfers
Option 4: Advertisement in newspapers
Question : Which of the following is a technique used for decision-making under uncertainty?
Option 1: Cost-benefit analysis
Option 2: Pareto analysis
Option 3: Decision tree analysis
Option 4: SWOT analysis
Question : Which of the following is an external factor that influences the planning process?
Option 1: Organizational culture
Option 2: Available resources
Option 3: Market trends
Option 4: Employee skills
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