Assume that your SWOT analysis reveals that as your product quality has declined so too has market perceptions of your firm as a

Question

maks197457 [2]

3 years ago

10

Assume that your SWOT analysis reveals that as your product quality has declined so too has market perceptions of your firm as a

producer. Specifically, you are now seen as a relatively high-priced producer of low-quality products. Does this finding reflect a strength, a weakness, an opportunity, or a threat?

Social Studies

1 answer:

Y_Kistochka [10] · Answer 1 · 2022-02-05T02:18:00+03:00

Answer:

If one is seen as a relatively high-priced producer of low-quality products.This would reflect weakness.

Explanation:

SWOT analysis is like a strategic method in which evaluation is done on focused areas for an organization to do strategic planning. Its an acronym for:

a. Strengths which depict the positive characteristics which are an advantage.

b. Weaknesses depict critical characteristics which would act as disadvantage

c. Opportunities are set of circumstances that could possibly make something as an advantage.

d. Threats are set of circumstances that have negative influence on the goal.

The given situation would be a weakness as the market is seeing the products of low quality and high price. It would be difficult for a firm to maintain its reputation and gain profit.