For an Australian importer, which of the following would be classified as an opportunity in a SWOT analysis?
(A) Highly trained staff
(B) Increased competition
(C) Strong brand recognition
(D) Appreciation of the Australian dollar - HSC - SSCE Business Studies - Question 9 - 2011 - Paper 1
Question 9
For an Australian importer, which of the following would be classified as an opportunity in a SWOT analysis?
(A) Highly trained staff
(B) Increased competition
(C... show full transcript
Worked Solution & Example Answer:For an Australian importer, which of the following would be classified as an opportunity in a SWOT analysis?
(A) Highly trained staff
(B) Increased competition
(C) Strong brand recognition
(D) Appreciation of the Australian dollar - HSC - SSCE Business Studies - Question 9 - 2011 - Paper 1
Step 1
Identify the potential opportunities
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
In a SWOT analysis, opportunities refer to external factors that the business can capitalize on to achieve its goals. These can include trends, market shifts, or economic conditions that are favorable.
Step 2
Evaluate each option
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
(A) Highly trained staff: This is an internal strength rather than an opportunity.
(B) Increased competition: This usually represents a threat to the business.
(C) Strong brand recognition: This is also an internal strength and not an external opportunity.
(D) Appreciation of the Australian dollar: This can be seen as an opportunity, as it may enhance the purchasing power for an importer, allowing for cheaper imports or increased profit margins when selling imported goods.
Step 3
Select the correct answer
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The correct answer is (D) Appreciation of the Australian dollar, as it is classified as an opportunity in a SWOT analysis for an Australian importer.
