What is meant by SWOT analysis?

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What is meant by SWOT analysis?

1996 Paper 9 Question 5
Business Studies
What is meant by SWOT analysis? [5 marks]
A small computer company with strong and innovative hardware expertise is
considering manufacturing a network interface computer (NIC). The device, which
would sell for about half the current price of a PC, is based on games console
technology, with a built-in modem. It would allow a user to convert his or her
television to a web-browser. Apart from a small amount of parameter storage, the
proposed device contains no disc or other long-term memory.
How would you determine the market for such a device? [5 marks]
Perform an analysis of this opportunity. What advice would you give the company?
[5 marks]
Comment on changes to the business model that may be expected to be caused by
the rapid development of the Internet. [5 marks]