SWOT analysis is known as a tool used by organizations or companies for auditing the marketing environment. It is stated as the first planning stage which generally helps the marketers to mostly focus on the major issues. SWOT analysis helps an organization to know where they rank in the market and helps the marketing department to understand where there is need to adjust in order to maintain a healthy competition in the market. The analysis consists of strengths, weaknesses, opportunities and threats. The opportunities and the threats are known to be the external factors while the strength and weaknesses are the ...
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