Fairly easy

A marketing manager examines a firm's strengths and weaknesses along with external opportunities and threats. Which analytical tool is being used?

Correct answer: A. SWOT analysis

  • A. SWOT analysis
  • B. Break-even analysis
  • C. Portfolio analysis
  • D. PERT analysis

Explanation

SWOT analysis evaluates internal strengths and weaknesses and external opportunities and threats. Break-even analysis focuses on costs and sales volume, while PERT is mainly used for project scheduling.

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Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.

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