1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dimas [21]
3 years ago
11

Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy

to expand your business during the next two years, and have decided to conduct a SWOT analysis. Consider the situation factors listed below, and "drag & drop" (highlight to select, and then cut and paste) them into the appropriate section of the SWOT analysis grid:
Strengths Weaknesses

Opportunities Threats

· You have especially good relationships with many suppliers due to your years in business and your success.

· Your business is in a location that is easy to get into and out of.

· It is difficult to hire workers with retail experience in the area.

· Wal-Mart moves into a town a few miles away.

· The price of gas goes up.

· The highway that they have been talking about for years is finally being built.

· The Post Office decides to cut deliveries on Saturday.

· You are dependent upon a few artists to keep you in stock.

· You have developed a software system that makes online orders extremely easy.

· Another gift shop may open next door.

· Two new hotels are scheduled for opening next year.

Then, examining the entire SWOT analysis, recommend at least 3 marketing actions you could take to ensure the success of your shop and explain why you believe they will work.
Business
1 answer:
Arlecino [84]3 years ago
4 0

Answer:

Situational actions on SWOT of a business

Explanation:

<u>Strengths</u>

  • You have especially good relationships with many suppliers due to your years in business and your success.
  • You have developed a software system that makes online orders extremely easy.

<u>Weaknesses</u>

You are dependent upon a few artists to keep you in stock.

<u>Opportunities</u>

Your business is in a location that is easy to get into and out of.

The highway that they have been talking about for years is finally being built.

Two new hotels are scheduled for opening next year.

<u>Threats</u>

It is difficult to hire workers with retail experience in the area.

The price of gas goes up.

Wal-Mart moves into a town a few miles away.

The Post Office decides to cut deliveries on Saturday.

Another gift shop may open next door.

Three marketing actions to ensure the success of the shop and why it will work include:

1. Expand your advertisement outreach for experienced retail workers beyond your location, with motivational packages and incentives. Alternatively, get workers around your location and train them to acquire the required retail experience for the job

2. With increase in the price of gas which affects your profit margin, and taking into cognizance your strength in cusstomer relationship, endeavour to increase your product and service outreach and turnover to mitigate for the addition expenses.

3. With the arrival of Wal-Mart as competitor, you will need to maintain consistency in products and services, as well as offer promotional packages

You might be interested in
Spell all words correctly.
Artist 52 [7]
Change the alr to air for both
6 0
2 years ago
I hope I can see my channel grow supporting me would be awesome I want a career in this so please all help is wanted
timama [110]

Answer:

I hope you grow and become successful you deserve it and congratulations on that much subscribers

8 0
2 years ago
BuyMart Inc. is a large chain of hypermarkets. It has cost benefits due to its extensive operation. The company's marketing and
Juliette [100K]

Answer:

economies of scale.

Explanation:

Economies of scale -

It refers to the edge over the cost of the company , which is due to the very efficient production rate , is refer to as economies of scale .

Economies of scale can be both external and internal .

This process can be done by increasing the production of the goods and services , and thereby reducing the overall cost of the product , and more number of consumers will try to grab the product , and hence ,

The profit of the company will increasers .

Hence , from the given scenario of the question ,

The correct answer is economies of scale .

5 0
3 years ago
Brea is looking for an insurance policy for her car. Her friend, Justin, who is an attorney, just told her that the policy is a
Tatiana [17]

Answer:

answer is b

Explanation:

3 0
2 years ago
Assets are financed by creditors and owners. At 1/29/2021, approximately what percentage of Dollar General’s assets are financed
Vlad [161]

Based on the amount of equity and that of assets, the percentage funded by owners is<u> 29.4%. </u>

<h3>What is the Percentage financed by owners?</h3>

This can be found by the formula:

= Equity / Assets x 100%

Solving gives:

= 6,702,500 / 22,825,084 x 100%

= 29.4%

In conclusion, 29.4% is financed by the owners.

Find out more on Equity at brainly.com/question/25847981.

7 0
2 years ago
Other questions:
  • During the year, a corporation declares a dividend and subsequently distributes to a stockholder $15,000 in cash and a bond with
    5·1 answer
  • What does an owner own if the duration of his or her rights in an estate cannot be determined?
    9·1 answer
  • True or false supply curves are created when the data from a supply schedule is graphed.
    13·1 answer
  • What are factors of production?1/ all the human efforts involved in the production process2/ all the resources used to produce a
    12·2 answers
  • Tara paid​ one-half of her​ game-show winnings to the government for taxes. She invested​ one-third of her winnings in​ Jeff''s
    12·1 answer
  • The mode of transportation that results in the lowest transportation cost will also lower total costs for a supply chain.
    15·1 answer
  • For each of the three independent situations below determine the amount of the annual lease payments. Each describes a finance l
    11·1 answer
  • Suppose there is a simultaneous central bank sale of bonds and increase in consumer confidence. We know with certainty that thes
    14·1 answer
  • Raymond and his brother decided to open a computer repair shop together. This is an example of which type of business structure?
    12·1 answer
  • Muscat Sayarati Co. uses a job-order costing system with a single plantwide predetermined overhead rate based on labor-hours . T
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!