Which statement regarding SWOT analysis is correct?

The correct statement regarding SWOT analysis is that strengths and weaknesses evaluate internal aspects only. In the context of SWOT analysis, strengths and weaknesses are inherently focused on the internal environment of an organization. They are characteristics that originate within the organization itself, such as resources, capabilities, and processes that can either contribute to or hinder the achievement of goals.

For instance, a strength might be a highly skilled workforce or advanced technology, while a weakness could be inadequate funding or poor customer service. This internal focus allows organizations to assess what they do well and where they need improvement, which is crucial for effective strategic planning.

In contrast, opportunities and threats pertain to the external environment, assessing factors outside the organization that can impact its success. This differentiation between internal and external factors is what makes option B the correct statement concerning SWOT analysis.