Final answer:
The 'Opportunities' aspect of SWOT contains favorable trends in the external environment, such as favorable natural conditions, decreased input prices, improved technology, and lower product taxes, which can benefit a company.
Step-by-step explanation:
The aspect of SWOT that includes favorable trends in the external environment is referred to as Opportunities. These are external factors that can be advantageous for a company if leveraged properly. Some examples of such opportunities include favorable natural conditions for production, a fall in input prices, improved technology, and lower product taxes or less costly regulations. Recognizing and utilizing these opportunities can be crucial for a business's success and can lead to a competitive advantage in the market.