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UGC NET Exam  >  UGC NET Questions  >  Liberalization of geographic markets is consi... Start Learning for Free
Liberalization of geographic markets is considered as which of the following factors under SWOT analysis?
  • a)
    Internal factor, strength
  • b)
    External factor, Opportunity
  • c)
    Internal factor, Weakness
  • d)
    External factor, Threat
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Liberalization of geographic markets is considered as which of the fol...
The correct answer is External factor, Opportunity. 
SWOT analysis:
  • SWOT analysis is a framework for identifying and analyzing an organization's strengths, weaknesses, opportunities, and threats. These words make up the SWOT acronym.
  • The primary goal of SWOT analysis is to increase awareness of the factors that go into making a business decision or establishing a business strategy.
  • To do this, SWOT analyzes the internal and external environment and the factors that can impact the viability of a decision.
Key Points
Elements of SWOT Analysis: 
  • Strengths: Internal attributes and resources that support a successful outcome, such as a diverse product line, loyal customers, or strong customer service.
  • Weaknesses: Internal factors and resources that make success more difficult to attain, such as a weak brand, excessive debt, or inadequate staffing or training.
  • Opportunities: External factors that the organization can capitalize on or take advantage of, such as favorable export tariffs, tax incentives, or new enabling technologies.
  • Threats: External factors that could jeopardize the entity's success, such as increasing competition, weakening demand, or an uncertain supply chain.
Important Points
  • Liberalization refers to the removal of controls in an industry or market to encourage the entry of new suppliers and thereby, increase the intensity of competition.
  • In short – it means attempts to lower entry barriers so that a market becomes more contestable.
  • Thus liberalization of geographical markets is an opportunity or an external factor that has a positive impact on the growth of an organization. 
Hence, Liberalization of geographic markets is considered an external factor or opportunity under SWOT analysis.
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Most Upvoted Answer
Liberalization of geographic markets is considered as which of the fol...
The correct answer is External factor, Opportunity. 
SWOT analysis:
  • SWOT analysis is a framework for identifying and analyzing an organization's strengths, weaknesses, opportunities, and threats. These words make up the SWOT acronym.
  • The primary goal of SWOT analysis is to increase awareness of the factors that go into making a business decision or establishing a business strategy.
  • To do this, SWOT analyzes the internal and external environment and the factors that can impact the viability of a decision.
Key Points
Elements of SWOT Analysis: 
  • Strengths: Internal attributes and resources that support a successful outcome, such as a diverse product line, loyal customers, or strong customer service.
  • Weaknesses: Internal factors and resources that make success more difficult to attain, such as a weak brand, excessive debt, or inadequate staffing or training.
  • Opportunities: External factors that the organization can capitalize on or take advantage of, such as favorable export tariffs, tax incentives, or new enabling technologies.
  • Threats: External factors that could jeopardize the entity's success, such as increasing competition, weakening demand, or an uncertain supply chain.
Important Points
  • Liberalization refers to the removal of controls in an industry or market to encourage the entry of new suppliers and thereby, increase the intensity of competition.
  • In short – it means attempts to lower entry barriers so that a market becomes more contestable.
  • Thus liberalization of geographical markets is an opportunity or an external factor that has a positive impact on the growth of an organization. 
Hence, Liberalization of geographic markets is considered an external factor or opportunity under SWOT analysis.
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Community Answer
Liberalization of geographic markets is considered as which of the fol...
Understanding SWOT Analysis
SWOT analysis is a strategic planning tool that helps organizations identify their Strengths, Weaknesses, Opportunities, and Threats. Each element plays a crucial role in strategic decision-making.
External Factors in SWOT
Liberalization of geographic markets is primarily viewed as an external factor. This is because it relates to changes in the environment outside the organization that can impact its operations and strategy.
Opportunity Aspect
The liberalization of markets opens up new avenues for businesses to expand their reach. Here are the reasons why it is considered an Opportunity:
- Market Expansion: Companies can enter new regions, increasing their customer base and sales potential.
- Access to Resources: Liberalization often leads to easier access to raw materials and labor in new markets.
- Competitive Advantage: Organizations can leverage lower costs in liberalized markets to enhance their competitiveness.
- Innovation and Collaboration: Liberalization can foster partnerships and collaborations with local firms, leading to innovative solutions.
Conclusion
In summary, the liberalization of geographic markets is classified as an external factor and an opportunity within SWOT analysis. This perspective allows organizations to strategize effectively and harness the benefits of market changes to achieve growth and success.
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Direction: Read the following passage carefully and answer the question.If India has to develop her internal strengths, the nation has to focus on the technological imperatives, keeping in mind three dynamic dimensions: the people, the overall economy and the strategic interests. These technological imperatives also take into account a ‘fourth’ dimension, time, an offshoot of modern-day dynamism in business, trade, and technology that leads to continually shifting targets. We believe that technological strengths are especially crucial in dealing with this fourth dimension underlying continuous change in the aspirations of the people, the economy in the global context, and the strategic interests. The progress of technology lies at the heart of human history. Technological strengths are the key to creating more productive employment in an increasingly competitive market place and to continually upgrade human skills. Without a pervasive use of technologies, we cannot achieve the overall development of our people in the years to come. The direct linkages of technology to the nation’s strategic strengths are becoming more and more clear, especially since the 1990s. India’s own strength in a number of core areas still puts it in a position of reasonable strength in the geopolitical context. Any nation aspiring to become a developed one needs to have strengths in various strategic technologies and also the ability to continually upgrade them through its own creative strengths. For people-oriented actions as well, whether for the creation of large scale productive employment or for ensuring nutritional and health security for people or for better living conditions, technology is the only vital input. The absence of greater technological impetus could lead to lower productivity and wastage of precious natural resources. Activities with low productivity or low-value addition, in the final analysis, hurt the poorest most. The technological imperatives to lift our people to a new life, and to life, they are entitled to be important. India, aspiring to become a major economic power in terms of trade and increase in GDP, cannot succeed on the strength of turnkey projects designed and built abroad or only through large-scale imports of plant machinery, equipment and know-how. Even while being alive to the short-term realities, medium and long-term strategies to develop core technological strengths within our industry are vital for envisioning a developed India.Q.According to the above passage, which of the following are indicative of the fourth dimension?1) Aspirations of people2) Modern day dynamism3) Economy in the global context4) Strategic interestsCode

Direction: Read the following passage carefully and answer the question. If India has to develop her internal strengths, the nation has to focus on the technological imperatives, keeping in mind three dynamic dimensions: the people, the overall economy and the strategic interests. These technological imperatives also take into account a ‘fourth’ dimension, time, an offshoot of modern-day dynamism in business, trade, and technology that leads to continually shifting targets. We believe that technological strengths are especially crucial in dealing with this fourth dimension underlying continuous change in the aspirations of the people, the economy in the global context, and the strategic interests. The progress of technology lies at the heart of human history. Technological strengths are the key to creating more productive employment in an increasingly competitive market place and to continually upgrade human skills. Without a pervasive use of technologies, we cannot achieve the overall development of our people in the years to come. The direct linkages of technology to the nation’s strategic strengths are becoming more and more clear, especially since the 1990s. India’s own strength in a number of core areas still puts it in a position of reasonable strength in the geopolitical context. Any nation aspiring to become a developed one needs to have strengths in various strategic technologies and also the ability to continually upgrade them through its own creative strengths. For people-oriented actions as well, whether for the creation of large scale productive employment or for ensuring nutritional and health security for people or for better living conditions, technology is the only vital input. The absence of greater technological impetus could lead to lower productivity and wastage of precious natural resources. Activities with low productivity or low-value addition, in the final analysis, hurt the poorest most. The technological imperatives to lift our people to a new life, and to life, they are entitled to be important. India, aspiring to become a major economic power in terms of trade and increase in GDP, cannot succeed on the strength of turnkey projects designed and built abroad or only through large-scale imports of plant machinery, equipment and know-how. Even while being alive to the short-term realities, medium and long-term strategies to develop core technological strengths within our industry are vital for envisioning a developed India. Q. More productive employment demands

Direction: Read the following passage carefully and answer the question. If India has to develop her internal strengths, the nation has to focus on the technological imperatives, keeping in mind three dynamic dimensions: the people, the overall economy and the strategic interests. These technological imperatives also take into account a ‘fourth’ dimension, time, an offshoot of modern-day dynamism in business, trade, and technology that leads to continually shifting targets. We believe that technological strengths are especially crucial in dealing with this fourth dimension underlying continuous change in the aspirations of the people, the economy in the global context, and the strategic interests. The progress of technology lies at the heart of human history. Technological strengths are the key to creating more productive employment in an increasingly competitive market place and to continually upgrade human skills. Without a pervasive use of technologies, we cannot achieve the overall development of our people in the years to come. The direct linkages of technology to the nation’s strategic strengths are becoming more and more clear, especially since the 1990s. India’s own strength in a number of core areas still puts it in a position of reasonable strength in the geopolitical context. Any nation aspiring to become a developed one needs to have strengths in various strategic technologies and also the ability to continually upgrade them through its own creative strengths. For people-oriented actions as well, whether for the creation of large scale productive employment or for ensuring nutritional and health security for people or for better living conditions, technology is the only vital input. The absence of greater technological impetus could lead to lower productivity and wastage of precious natural resources. Activities with low productivity or low-value addition, in the final analysis, hurt the poorest most. The technological imperatives to lift our people to a new life, and to life, they are entitled to be important. India, aspiring to become a major economic power in terms of trade and increase in GDP, cannot succeed on the strength of turnkey projects designed and built abroad or only through large-scale imports of plant machinery, equipment and know-how. Even while being alive to the short-term realities, medium and long-term strategies to develop core technological strengths within our industry are vital for envisioning a developed India. Envisioning a developed India requires

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Liberalization of geographic markets is considered as which of the following factors under SWOT analysis?a)Internal factor, strengthb)External factor, Opportunityc)Internal factor, Weaknessd)External factor, ThreatCorrect answer is option 'B'. Can you explain this answer?
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