Step-by-step explanation:
SWOT Analysis is an acronym meaning Strengths, Weaknesses, Opportunities and Threats analysis.
Remember;
- Strengths are internal,
- Weaknesses are internal, while
- Opportunities and Threats are external in nature.
Therefore, by identifying a company's strengths, then using the strengths to utilize opportunities available, at the same time reducing the Company's weaknesses by discovering threats affecting the growth and development of the company would help determine the status of a company.