What is a SWOT analysis? How is it used in strategic planning?
What will be an ideal response?
A SWOT analysis is a summary of the external issues (opportunities and threats) and internal resources (strengths and weaknesses) that are most likely to influence the future or intended direction of the firm. In comparing the company with potential international competitors in host markets, a SWOT analysis becomes useful for managers to draw up a competitive position matrix for each potential location. This analysis is used after assessing the external and internal environments to help firms determine their strategic direction.
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Which of the following statements is true?
A) Companies are price-takers when their products are unique. B) Companies are price-setters for a product when there is intense competition. C) Companies are price-takers for a product when the pricing approach emphasizes cost-plus pricing. D) Companies are price-takers when they have little or no control over the prices of their products or services.
Motions for summary judgment are supported by evidence outside of the pleadings
Indicate whether the statement is true or false