Question

SWOT stands for:

1) strategy, wealth, organization, and threats.
2) success, weakness, opportunities, and taxes.
3) strength, wealth, organization, and taxes.
4) strengths, weaknesses, opportunities, and threats.

Answer 1

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, used in strategic planning to analyze internal and external factors affecting a business or project.

Step-by-step explanation:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a tool used in strategic planning to evaluate these four aspects of a business or a project. The correct answer is option 4, which represents the components of a SWOT analysis. Strengths and weaknesses are typically internal factors, which can include resources, experience, or processes that give the business an advantage or disadvantage. Opportunities and threats, on the other hand, are external factors such as market trends and competition which can impact the business positively or negatively.