Question - What is the IFE matrix score and what it means and imply?

Internal Factor Evaluation (IFE) Matrix for the General Motors

A mock evaluation of the Internal and environmental factors considering the strengths and weaknesses of General Motors Company

Internal Strengths						Weight	Ratings	Weighted Score
1. Has well rooted brands						9%	2		0.18
2. Has diverse warehouses world wide						8%	3		0.24
3. attained an increased global market						8%	3		0.24
4. High demand of the upcoming brands of vehicles						13%	4		0.52
5. Good strategies to handle competition						10%	3		0.3
6. Has loyal employees						3%	1		0.03
7. Access cheap input						4%	1		0.04
8. Largest car manufacturer in the market						4%	1		0.04
9. Strong management team						5%	2		0.1
10. Has a good name in the market						2%	1		0.02
Internal Weaknesses
1. Sensitive to change in car prices						13%	1		0.13
2. Reduced liquidity due to losses						10%	2		0.2
3. Poor performance in some business segments						8%	3		0.24
4. Low debt ratings						4%	4		0.12
5. Reducing prices to fight competition						6%	2		0.12
	major strength (1),minor strength (4),major weakness (1),minor strength							(1)
TOTAL WEIGHTED SCORE						100%			2.48