A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities

Question

3 years ago

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A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities

on the horizon, and also examines its production policies and sales histories to determine its strengths and weaknesses, is conducting a(n): ____

Business

1 answer:

Vesna [10] · Answer 1 · 2022-03-28T02:31:24+03:00

Answer: A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities on the horizon, and also examines its production policies and sales histories to determine its strengths and weaknesses, is conducting a <u>SWOT analysis.</u>

Explanation:

SWOT is basically the acronym for; Strengths, Weaknesses, Opportunities, and Threats. It is a very effective tool used in the business industry to form strategies. You summarized the data from internal factors to discover your strengths and weaknesses. You use the external factors to identify the threats and opportunities.

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