The analysis which is performed by managers to know the firm’s strength and weakness relative to those of peers is called __________ .
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The analysis which is performed by managers to know the firm’s strength and weakness relative to those of peers is called SWOT analysis.
Explanation:
- SWOT analysis is a devising technique that promotes companies offer a tricky layout to reach intentions, enhance performances.
- Through SWOT review, teams distinguish strengths, weaknesses, opportunities, and threats concerning organizational extension, marketing aspirations and business opposition.
- Strengths and weaknesses are intrinsic circumstances.
- Strength level incorporates everything the industry does best when attempting to accomplish a distinct intention, lead, plan or aspiration.
- Weakness section incorporates everything that retains the business from sojourning on route to solving company or plan purposes and intentions.
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