What do the following letters stand for? (Write each answer in the space provided.)
(i) SWOT
(ii) VAT
(iii) WWW
- Leaving Cert Business - Question 1 - 2021
Question 1
What do the following letters stand for? (Write each answer in the space provided.)
(i) SWOT
(ii) VAT
(iii) WWW
Worked Solution & Example Answer:What do the following letters stand for? (Write each answer in the space provided.)
(i) SWOT
(ii) VAT
(iii) WWW
- Leaving Cert Business - Question 1 - 2021
Step 1
(i) SWOT
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Answer
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a strategic planning tool used to identify and analyze the internal and external factors that can affect the success of a project or organization.
Step 2
(ii) VAT
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Answer
VAT stands for Value Added Tax. It is a consumption tax imposed on the value added to goods and services, typically charged at each stage of the production and distribution process.
Step 3
(iii) WWW
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Answer
WWW stands for World Wide Web. It refers to the system of interlinked hypertext documents accessed via the internet, allowing users to view and navigate through multimedia content.
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