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Management · Q76

Strategic Management

Graduate and Post Graduate · Management · question 76

Q76

The acronym SWOT stands for

A.
Special Weapons for Operations Timeliness
B.
Services, Worldwide Optimization and Transport
C.
Strengths, Weakness, Opportunities and Threats
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
The acronym SWOT stands for Strengths, Weakness, Opportunities and Threats. It is a way of summarizing the current state of a company and helping to devise a plan for the future, one that employs the existing strengths, redresses existing weaknesses, exploits opportunities and defends against threats.