Addoso Inc.manufactures electronic gadgets.The marketing managers at Addoso have found that a new competitor is gaining more customers.In the context of SWOT analysis,which of the following actions should be prioritized by Addoso's marketing managers?

Question

Quizplus · Accepted Answer

Analyzing aspects of the marketing environment is crucial in a SWOT analysis to understand external threats and opportunities, such as new competitors, and to develop strategies to address them.