BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Porter’s 5 Forces
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SWOT
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3C
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5C
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Detailed explanation-1: -Porter’s 5 Forces is a comparative analysis strategy that analyzes competitive market forces within an industry. SWOT analysis looks at the strengths, weaknesses, opportunities, and threats of an individual or organization to analyze its internal potential.
Detailed explanation-2: -A competitor SWOT analysis is simply a way to assess your competitor’s Strengths, Weaknesses, Opportunities and Threats so that you can better understand their business and, in turn, your own.
Detailed explanation-3: -A competitive analysis is an assessment of your competitors’ products, services and sales tactics, evaluating their strengths and weaknesses relative to your own. It’s good business practice to conduct a full competitive analysis at least once a year.