Given below are two statements:

Assertion (A): SWOT Analysis is instrumental in strategy formulation and selection.

Reason (R): It minimizes its response to opportunities.

In light of the above statements, choose the correct answer from the options given below.

1
Both A and R are correct and R is the correct explanation of A
2
Both A and R are correct but R is not the correct explanation of A
3
A is correct but R is not correct
4
A is not correct but R is correct

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