CBAP Business Analyst Exam Prep

Answer: C - SWOT analysis is a popular method for conducting analyses in a business case. The acronym stands for strengths, weaknesses, opportunities, and threats.

Key Takeaway: SWOT analysis is designed to uncover a number of factors that affect a business solution for a project. An example of a strength could be the introduction of a new product that is unique in the market. An example of an opportunity is to explore opening a franchise in a new area. Threats can be from a number of things such as competitor advantage and an economic recession.