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
Correct Answer: Economic recession
Solution : The correct answer is (c) Economic recession
In SWOT analysis, external threats refer to factors outside of the organization's control that have the potential to negatively impact its performance or objectives. These threats arise from the external environment and can pose challenges or risks to the organization's success.
Economic recession is an example of an external threat as it represents a downturn in the overall economy. During a recession, consumer spending tends to decrease, demand for products or services may decline, and businesses may face financial constraints. This can affect the organization's sales, revenue, profitability, and overall business operations.
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
Question : Which of the following is a component of the internal environment in the context of planning?
Option 1: Technological advancements
Option 2: Competitor analysis
Option 3: Economic conditions
Option 4: Company culture
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 a component of the competitive environment?
Option 1: Suppliers
Option 2: Customers
Option 4: Technological advancements
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