ObjectiveMcq
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Consider the following statements regarding SWOT analysis:
Statement I: Strengths and weaknesses are internal to the organization.
Statement II: Opportunities and threats arise from the external environment.
Statement III: SWOT analysis helps in strategic planning by identifying internal and external factors.
Which of the statements given above is/are correct?
Correct Answer: D — All of the above
The correct answer is D: All of the above.
All three statements are correct. Strengths and weaknesses are internal factors within the organization's control. Opportunities and threats come from the external environment. Together, SWOT analysis enables businesses to align internal capabilities with external conditions for effective strategic planning.