Describe the acronyms found in SWOT analysis. (4 marks)

1. S - Strengths: These are internal factors that give a company a competitive advantage, such as a strong brand reputation or unique product offerings.

2. W - Weaknesses: These are internal factors that hinder a company's performance, such as poor management or outdated technology.

3. O - Opportunities: These are external factors that could positively impact a company, such as a growing market or new partnerships.

4. T - Threats: These are external factors that could negatively impact a company, such as increased competition or changing regulations.

Strengths
Weaknesses
Opportunities
Threats