Learning Path
Question & Answer
Choose the Best Answer
Increased competition in the market
High employee satisfaction
Strong brand loyalty
Effective supply chain management
Understanding the Answer
Let's break down why this is correct
When the market has many competitors, a firm must use more money on marketing, product upgrades, or new staff to stay ahead. Other options are incorrect because High employee satisfaction is actually a strength, not a threat; Strong brand loyalty is a strength that drives sales.
Key Concepts
SWOT Analysis
medium level question
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Deep Dive: SWOT Analysis
Master the fundamentals
Definition
SWOT analysis is a strategic planning technique used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business, product, or market. It helps in decision-making by assessing internal and external factors that can impact the organization's strategy and growth.
Topic Definition
SWOT analysis is a strategic planning technique used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to a business, product, or market. It helps in decision-making by assessing internal and external factors that can impact the organization's strategy and growth.
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