Final answer:
Analyzing a company's strengths, weaknesses, opportunities, and threats helps managers develop a long-term strategy.
Step-by-step explanation:
The question is about analyzing the strengths, weaknesses, opportunities, and threats of a company and its relation to forecasting and developing a long-term strategy. This falls under the subject of Business.
Analyzing a company's strengths, weaknesses, opportunities, and threats, also known as a SWOT analysis, provides managers with valuable information about the internal and external factors that can impact the company's performance. By understanding these factors, managers can make informed decisions and develop a long-term strategy.
For example, if Instructor Services identifies a strength in their skilled workforce, they can forecast future growth by investing in employee training and development. On the other hand, if a weakness is identified in their outdated technology, managers can plan to allocate resources towards upgrading their systems to remain competitive.