Question

A group of managers analyze both the internal strengths and weaknesses of their organization as well as the opportunities and threats of the external environment . What type of analysis is:A. Mission analysis
B. SWOT analysis
C. Functional analysis
D. Diversification analysisE. Competition analysis

Answer 1

Answer:

B. SWOT analysis

Explanation:

The full form of SWOT analysis is strength, weakness, opportunities, and threats. Generally, a manager of a company analyzes the internal strengths and weaknesses of their organization. In that way, the company can perceive what the strengths to highlight are. Analyzing weaknesses help to determine the weaknesses that the organization has to sort out. Moreover, the manager also analyzes the opportunities of the external environment to compete with competing firms. He or she also analyzes the threat of the external environment from homogeneous competitors.