Question

4. Which of the following SWOT elements are internal factors for a business?
(A) Strengths and Weaknesses
(B) Opportunities and Threats
(C) Strengths and Opportunities
(D) Weaknesses and Threats​

Answer 1

Answer:

Option (A) Strengths and weakness

Answer 2

(A) Strength and weakness are the two SWOT elements that are the internal factors for a business.

SWOT definition:

SWOT stands for "strengths, weaknesses, opportunities & threats". It can be defined as an "analysis which is an examination of the internal and external factors that impacts the organization and its strategies"

Internal factors:

• The external factors of an organization includes 'oppurtunities and threats' while the internal factors are 'strength and weakness'. Internal factors refers to the resources and capabilities within an organization.
• The internal factors are the factors that could be easily controlled and modified by the organization, hence they can craft different strategies to address weakness and strength.
• Few examples of internal factors of an organization are product lines, financial, technical and human resources.

Positioning of competitors also includes in the strengths and weaknesses of the organization. Although competitor's strategies and tactics are external to the organization, the position of the organization in relation to the competitor could be managed by the organization.