Question

Peter and Lois are planning to open a restaurant that will feature Lois's world-renowned meatloaf. Everyone who has tasted Lois's meatloaf has ranted and raved that it is the most delectable meal they have ever had. Luckily for Peter and Lois, the meatloaf is made using a secret recipe that no one else in the whole world knows about. The only detail of the plan that troubles them is that neither of them knows anything about running a business. In S.W.O.T. Analysis, Lois's secret meatloaf recipe is a _____ and the couple's ignorance about running a business is a _____ in their situation analysis.

Answer 1

Answer:

Peter and Lois Restaurant

In S.W.O.T. Analysis, Lois's secret meatloaf recipe is a _strength____ and the couple's ignorance about running a business is a __weakness___ in their situation analysis.

Explanation:

SWOT means Strengths, Weaknesses, Opportunities, and Threats.  Strengths and Weaknesses refer to internal capabilities or resources that are available or lacking.  Opportunities and Threats refer to external returns and risks that can elevate or threaten the achievement of business goals.