Question: Referring to the list below, identify for each factor if it is a Strength, Weakness, Opportunity or Threat. (SWOT Analysis) Company products match customer needs
Referring to the list below, identify for each factor if it is a Strength, Weakness, Opportunity or Threat. (SWOT Analysis)
- Company products match customer needs
- Economy is expected to grow by 1% next year
- Rising raw material prices
- New substitutes entering market
- Highly skilled workforce
- Changing customer product preferences
- Increasing tariffs on imports
- Low cost structure
- Poor customer service
- Consolidating raw material supplier chain (fewer but larger raw material suppliers to the industry)
- Rising wages in labor market
- High entry barriers (for existing firms in market)
- Industry-wide product recall
- Intense product, price and distribution competition from rivals
- Market is in decline stage
- Market is under-served by existing rivals
- Industry has low degree of rivalry
- New technology, that would drive production costs down by 20% is in development
- High employee turnover
- Market in growth stage of Life Cycle
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