What are the key SWOT analysis questions to ask when evaluating a business's strategic position?

When evaluating a business's strategic position using SWOT analysis, key questions to ask are:

1. Strengths: What advantages does the business have over competitors?
2. Weaknesses: What areas does the business need to improve upon?
3. Opportunities: What external factors could benefit the business?
4. Threats: What external factors could pose a risk to the business?