Answer and explanation:
Under such a scenario, it is important to highlight that the SWOT analysis is useful to spot the internal Strengths and Weaknesses of the firm as well as the external Opportunities and Threats of the market. The SWOT analysis is a helpful tool that allows companies to understand what their core competencies are as well as the components that need improvement. At the same time, the SWOT analysis gives the firm an idea of what are the sectors of the market that could bring potential profits for the entity and which ones represent potential losses.
The strategy that is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized is <span>Functional strategy</span>
That clever market strategies may still fail to sell a product
