Asked by Annemarie Richardson on Jul 20, 2024

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A SWOT analysis is set in stone and serves as a constant reminder of a company's strengths and continuing threats.

SWOT Analysis

A tool for strategic planning that helps in identifying the Strengths, Weaknesses, Opportunities, and Threats associated with competition in business or planning of projects.

Constant Reminder

A persistent cue or notification designed to keep a particular idea, goal, or task at the forefront of one’s attention.

Strengths

Refers to the internal attributes and resources that support a successful outcome.

  • Determine the phases within the strategic planning procedure and understand the significance of ethical considerations in making business choices.
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MZ
malik zehraJul 23, 2024
Final Answer :
False
Explanation :
A SWOT analysis is a dynamic tool that should be updated regularly to reflect changes in the market, competition, and internal factors of a company.