All About the SWOT
This category is described as the positive attributes of the business
What is the Strengths?
This factor concentrates on how government policies/regulations will affect the business
What is Political?
Business Ownership translates to this
What is Liability/Responsibility?
This is a variation of a Sole Proprietorship
What is a Franchise?
Mrs. Jones has this many children
What is 3?
Poor financial performance would be described as this category
What is a Weakness?
Inflation, Unemployment rates, Interest rates and growth make up this category
What is Economic?
this business is owned and operated by one person
What is a Sole Proprietorship?
This business is defined by the involvement and investment of the owners; sometimes can have a "silent partner"
What is Limited Partnership?
This sport uses terms like "birdie" or "eagle" in the scoring
What is Golf?
This category would described external factors that jeopardize the success of the business
What is a Threat?
How this category is applied in the business, how they use it, and staying up to date on it will contribute to the success of the business
This business is owned by 2 or more people working together to accomplish a goal
What is a Partnership?
CO-OP, Dairy Farmers of America, and Land O'Lakes are this type of ownership
What is Cooperative?
Face on $50 Bill
Who is Ulysses S Grant?
Opening a new location in the next two years would be considered what category
What is an Opportunity?
This category details customers, their preferences and lifestyles and how it relates to the business
What is Social?
By law, this business is referred to as a "legal person"
What is Corporation?
This type combines liabilities advantages of a corporation and tax advantages a sole proprietorship
What is Limited Liability Company (LLC)?
The only continent without an active volcano
What is Australia?
The SWOT helps with this management function the most
What is the Planning Function?
The PEST Analysis works best for (Smaller or Larger) companies.
What is Larger?
This type of business has shared decision making but can have problems if the owners do not get along
What is a Partnership?
This type of variation can avoid double taxation
What is a S-Corporation?
Mrs. Jones drives this vehicle
What is SUV (Chevy/Surburban)?