Question 3: Pies & Cookies is a startup recently opened in Saar, Bahrain where home-made pies and cookies and other sweets are sold. Started by 2 university classmates, the owners are thinking of conducting SWOT and Porter's compet- itive forces analyses as a part of their business and competitive strategies (7 marks). In column A, you will find SWOT and Porter's competitive forces statements made by Pies & Cookies' owners. Circle the right type of each statement listed in column B. A Statement B Choices 1. Nowadays, more people in Bahrain prefer ready-made quality homemade sweets as they lack the time to pre- pare these dishes themselves. 2. We haven't established ourselves as reputable providers yet. Strength Weakness Opportunity Threat Strength Weakness Opportunity Threat Strength Weakness Opportunity Threat . 3. A nearby competitor sells similar sweets and has many customers, amongst them are restaurants that regularly buy from them. 4. Our location being next to Saar mall will draw to us shoppers visiting the mall Strength Weakness Opportunity Threat Threat of new entrants Bargaining power of suppliers Bargaining power of buyers Threat of substitute products Rivalry among existing competitors 5. It is not so difficult to start a business similar to ours in Bahrain. . . Threat of new entrants 6. Customers have a lot of choices when Bargaining power of suppliers it comes to buying homemade foods Bargaining power of buyers and sweets in Bahrain. Threat of substitute products Rivalry among existing competitors Threat of new entrants 7. Many of our competitors prepare Bargaining power of suppliers sweets and sell them from their Bargaining power of buyers homes at a lower price. Threat of substitute products Rivalry among existing competitors