A7. SWOT analysis is a simple tool used by a business analyst.  The full form of SWOT is: S- Strength W- Weakness O- Opportunity T- Threats This simple tool is used to analyse how the business is doing at present, what its strengths are and how to maintain them. To overcome the weakness, find a solution. To utilise any new opportunities and channelise them for the company’s profit. Lastly, to understand the future threats a company/ business can face and make policies accordingly.