Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter4: Choosing A Form Of Business Ownership
Section: Chapter Questions
Problem 6DQ
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Choose a retail business (or what you selected in Activity-1) and conduct a SWOT analysis to identify
the Strengths, Weaknesses, Opportunities, and Threats.
Name of the retail business you want to start:
Internal analysis
Strengths
As a retailer how do you maintain these strengths?
Weaknesses
What steps are taken by you to minimize these weaknesses
External analysis
Opportunities
How do you take advantage of these opportunities in your
retail business?
Threats
As a retailer, What measures would you take for minimizing
or overcoming these threats?
Transcribed Image Text:Choose a retail business (or what you selected in Activity-1) and conduct a SWOT analysis to identify the Strengths, Weaknesses, Opportunities, and Threats. Name of the retail business you want to start: Internal analysis Strengths As a retailer how do you maintain these strengths? Weaknesses What steps are taken by you to minimize these weaknesses External analysis Opportunities How do you take advantage of these opportunities in your retail business? Threats As a retailer, What measures would you take for minimizing or overcoming these threats?
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