n NISM Certifications
XV NISM Series XV
Medium

In a SWOT analysis of the healthcare industry, how would increased medical insurance coverage be classified?

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Strength

  2. B

    Weakness

  3. Opportunity

    Correct answer

  4. D

    Threat

Why this is the answer

In a SWOT analysis, opportunities refer to favorable conditions in the external environment that could benefit a company or industry. Increased medical insurance coverage allows more people to access healthcare services without worrying about costs, which leads to higher demand for hospitals, pharmaceutical companies, and allied healthcare providers. Hence, this is an external opportunity rather than a strength, weakness, or threat.

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