The actions taken in a situation (SWOT) analysis or Step 1 of the planning phase include: (1) identify industry trends, (2) __________, (3) assess own company, and (4) research customers.
A)set market and product goals
B)select target markets
C)find points of difference
D)analyze competitors
E)position the product

Question

Quizplus · Accepted Answer

In a SWOT analysis, analyzing competitors is crucial to understanding the external threats and opportunities, which complements assessing one's own company and researching customers.

The Actions Taken in a Situation (SWOT) Analysis or Step