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

Quizplus · Accepted Answer

The main cause for the loss in revenue was the entry of new competitors with advanced skill and expertise. This suggests that the company's technologies may be obsolete in comparison to the competitors. Therefore, the possible deduction arrived at by the company through its internal analysis could be that they have obsolete technologies that need to be upgraded.

The Financial Statement of Labyrinth Inc