The financial statement of Labyrinth Inc.,a heavy-metal industry,for the year 2013,showed a loss in revenue.The main cause was the entry of new competitors in the market,with advanced skill and expertise.The company decided to conduct an internal assessment of the organization through a SWOT analysis.What was the possible deduction arrived at by the company through its internal analysis?

Question

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The main cause of the loss in revenue was the entry of new competitors with advanced skills and expertise. This suggests that Labyrinth Inc. may have obsolete technologies that put them at a disadvantage in the market. Therefore, the possible deduction arrived at by the company through its internal analysis is the need to upgrade or replace their technologies to improve their competitive advantage. None of the other choices relate directly to the main cause of the loss in revenue.

The Financial Statement of Labyrinth Inc