Q218
________ is a widely used framework to summarize a company's situation or current position
A.
SWOT analysis
AnswerB.
TOWS matrix
C.
Ansoff's matrix
D.
BCG matrix
Answer: Option A
Solution
Answer: Option A
Solution:
SWOT analysis is a widely used framework to summarize a company's situation or current position. SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.