Imagine you own a small gift shop in a popular but remote tourist location. You want...
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Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy to expand your business during the next two years and have decided to conduct a SWOT analysis. Consider the situation factors listed below, and "drag & drop" (highlight to select, and then cut and paste) them into the appropriate section of the SWOT analysis grid: Strength Weaknesses Opportunities Threats You have especially good relationships with many suppliers due to your years in business and your success. Your business is in a location that is easy to get into and out of. It is difficult to hire workers with retail experience in the area. Wal-Mart moves into a town a few miles away. The price of gas goes up. The highway that they have been talking about for years is finally being built. The Post Office decides to cut deliveries on Saturday. You are dependent upon a few artists to keep you in stock. You have developed a software system that makes online orders extremely easy. Another gift shop may open next door. Two new hotels are scheduled for opening next year. ● ● ● ● Then, examining the entire SWOT analysis, recommend at least 3 marketing actions you could take to ensure the success of your shop and explain why you believe they will work. Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy to expand your business during the next two years and have decided to conduct a SWOT analysis. Consider the situation factors listed below, and "drag & drop" (highlight to select, and then cut and paste) them into the appropriate section of the SWOT analysis grid: Strength Weaknesses Opportunities Threats You have especially good relationships with many suppliers due to your years in business and your success. Your business is in a location that is easy to get into and out of. It is difficult to hire workers with retail experience in the area. Wal-Mart moves into a town a few miles away. The price of gas goes up. The highway that they have been talking about for years is finally being built. The Post Office decides to cut deliveries on Saturday. You are dependent upon a few artists to keep you in stock. You have developed a software system that makes online orders extremely easy. Another gift shop may open next door. Two new hotels are scheduled for opening next year. ● ● ● ● Then, examining the entire SWOT analysis, recommend at least 3 marketing actions you could take to ensure the success of your shop and explain why you believe they will work.
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Strengths You have especially good relationships with many suppliers due to your years in business a... View the full answer
Related Book For
International Business The Challenges of Globalization
ISBN: 978-0133063004
7th edition
Authors: John J. Wild, Kenneth L. Wild
Posted Date:
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