The key component in your situation analysis is to consider your

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The key component in a situation analysis is to consider your competitors. Understanding the strengths and weaknesses of your competitors is crucial to developing a successful marketing strategy. This includes identifying their products, pricing, promotional tactics, distribution channels, and target audience. By analyzing your competitors, you can identify opportunities and threats that may impact your business and adjust your strategy accordingly. While employees, suppliers, and distributors are important considerations, they are not the key component in a situation analysis.

The Key Component in Your Situation Analysis Is to Consider