A SWOT analysis documents a company's strengths, weaknesses, ___________, and threats.

A SWOT analysis is a strategic planning tool used to identify and evaluate the internal and external factors that can impact the viability of a project or business. It stands for Strengths, Weaknesses, Opportunities, and Threats. In this context, the inclusion of "Opportunities" is crucial as it refers to external factors that could be leveraged for growth or advantage.

Opportunities can arise from market trends, changes in customer behavior, advancements in technology, or regulatory changes that a company can take advantage of to enhance its position in the market. By identifying opportunities, a company can strategize effectively to improve its operations and increase profitability.

The other terms listed—Policies, Goals, and Strategies—do not fit within the traditional framework of SWOT. While they are indeed relevant in business discussions, they do not appropriately capture the external opportunities available to a company in the same way that "Opportunities" does within the SWOT analysis format.