8.     

Eliminating

marketing expenses

Gaining

a competitive edge in the marketplace

Automating

all decision-making processes

Reducing

the number of employees needed

A

highly expensive advertising campaign

A

traditional marketing approach

A

creative and low-cost marketing strategy

A

plan that does not require market research

Strengths,

Weaknesses, Opportunities, and Threats

Strategies,

Workforce, Organization, and Trends

Suppliers,

Workforce, Operations, and Taxes

Sales,

Wages, Orders, and Transactions

Only

variable costs are covered

Profit

is at its highest

Revenue

= Expenses

A

business goes bankrupt

The

long-term vision of a company

The

current purpose and goals of a business

Employee

benefits

Motivate

employees based on their needs

Reduce

business risks

Determine

product pricing

Create

marketing plans

Ignoring

competitors

Identifying

customer needs and preferences

Avoiding

customer feedback

Limiting

product variety