Managerial Economicsbasic
In the Strengths, Weaknesses, Opportunities, and Threats (SWOT) framework, internal factors are associated with strengths and weaknesses.
Answer
true
Explanation
### Why this is right
Internal factors arise within the organization and are generally more subject to its control, so they shape its strengths and weaknesses.
### The concept
The Strengths, Weaknesses, Opportunities, and Threats framework separates internal conditions from external ones. External conditions are outside the organization’s control and may create opportunities or threats. For example, employee skills are internal, while a new regulation is external.
### Terms
- **Strengths, Weaknesses, Opportunities, and Threats (SWOT)**: A framework for sorting internal and external factors that affect an organization.
### Remember
Internal means within the organization; external means outside it.
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