What is a SWOT analysis? A. a marketing strategy

B. a market research strategy

C. a strategy to spot opportunities

D. a strategy to allocate resources

E. a strategy to understand resource allocation

C. a strategy to spot opportunities

Explanation:

SWOT is short for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is a well-thought-out list of an organization's greatest strengths, weaknesses, opportunities, and threats.

Strengths and weaknesses are internal factors within a company's control. Companies invest to maximize their strength and improve on their weak areas. Opportunities and threats are external elements existing in the market or economy. A business cannot change them. Analyzing opportunities and threats helps a business put measures to limits exposure to threats.

A business grows by taking full advantage of its opportunities.  SWOT-analysis helps a business identify its opportunities.

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