ENTREPRENEURSHIP

Detailed explanation-1: -The situation analysis is often summarized with a SWOT chart. False; when a marketing plan is not designed to enter a new target market or introduce a new product, it may not include a section on desired target market.

Detailed explanation-2: -SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT analysis is a technique for assessing these four aspects of your business. SWOT Analysis is a tool that can help you to analyze what your company does best now, and to devise a successful strategy for the future.

Detailed explanation-3: -A situation analysis is a small part of the more all-encompassing SWOT analysis. company’s environments for strengths, weaknesses, opportunities, and threats. affect the organization as well as the identification of market opportunities and threats. This is the definition of environmental scanning.

Detailed explanation-4: -The marketing plan should open with a brief summary of the main goals and recommendations. This is called a situation analysis.

Detailed explanation-5: -Situation analysis is basically a methodical look at the internal and external factors influencing your business at any given moment. These factors might include customers, competitors, the market environment, and your business’s capabilities.