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andrew11 [14]
3 years ago
9

A situation analysis refers to

Business
1 answer:
Harman [31]3 years ago
8 0

Answer:

The correct answer is A) taking stock of where the firm or product has been recently, where it is now, and where it is headed in terms of the organization's marketing plans and the external forces and trends affecting it.

Explanation:

The SWOT analysis (Strengths, Opportunities, Weaknesses and Threats) is one of the most important components of a Marketing strategy or plan. It allows you to photograph the situation of a brand, company or competitor. A good SWOT analysis can easily detonate Objectives and Strategies that are effective for the achievement of a marketing plan. Normally the Strengths and Weaknesses are of the internal order of the company or business, and the Opportunities and Threats correspond to external aspects.

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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

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