ExpertEasy1 markMultiple Choice
CPA · Question 46 · Area I: Business Analysis
In a SWOT analysis, which of the following is considered an 'Opportunity'?
In a SWOT analysis, which of the following is considered an 'Opportunity'?
Answer options:
A.
Proprietary technology owned by the company.
B.
A competitor exiting the market.
C.
High employee turnover.
D.
New regulations increasing compliance costs.
How to approach this question
SWOT: Strengths/Weaknesses are Internal. Opportunities/Threats are External. Positive External = Opportunity.
Full Answer
B.A competitor exiting the market.✓ Correct
B
Opportunities are external factors that the entity can exploit to its advantage. A competitor exiting the market is an external event that opens up market share.
Common mistakes
Confusing Internal Strengths with External Opportunities.
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