Question

after noticing a decline in demand for pizza and an increase in demand for pasta, management performed what the chapter refers to as a to help determine what steps should be taken to get the company back on track a. management analysis b. qualitative forecast c. score analysis d. swot analysis e. strategic planning process

Answer 1

The correct answer is (d) SWOT analysis. It abbreviates to Strength Weaknesses Opportunities Threats.

What is SWOT analysis?

Using a SWOT analysis, a person or organization can determine their strengths, weaknesses, opportunities, and threats in relation to project planning or competitive business environments.

Situational analysis or situational evaluation are other names for it.

This method can be used to assess the strategic position of a variety of organizations and is intended for use in the early stages of decision-making processes.

It aims to pinpoint the internal and external elements that are advantageous and detrimental to attaining the goals of the project or enterprise.

In order to provide useful information, users of a SWOT analysis frequently ponder and respond to questions. Alternatives have been created, but SWOT has been hailed as a tried-and-true method for strategic analysis.

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