Which of the following statements about the SWOT analysis is accurate?
A) SWOT analysis is a rigorous method for selecting strategies.
B) SWOT analysis is a brainstorming technique for generating creative ideas.
C) SWOT analysis is useful for identifying a business's closest competitors.
D) SWOT analysis examines the situations faced by the competitors in an industry.
E) SWOT analysis is routinely used for identifying strategic groups within an industry.

Question

Quizplus · Accepted Answer

SWOT analysis is a brainstorming technique used to identify the Strengths, Weaknesses, Opportunities, and Threats related to a business or project, helping in strategic planning and decision-making.

Which of the Following Statements About the SWOT Analysis Is