actions taken in a situation (SWOT)analysis or Step 1 of the planning phase include: (1)identify industry trends, (2)analyze competitors, (3)assess own company,and (4)__________.

Question

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The fourth step in a SWOT analysis or Step 1 of the planning phase is to research customers. This involves understanding the needs and preferences of customers within the industry and identifying potential target markets. By researching customers, a company can gain insights into what products and services are in demand, what features are important to consumers, and how to position their brand to attract and retain customers.

Actions Taken in a Situation (SWOT)analysis or Step 1 of the Planning