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Business Strategies - Coggle Diagram
Business Strategies
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S.W.O.T
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opportunities
change buying habits, trending and in capabilities of competitors
strengths
product,processes,environmental friendly and cost
threats
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Political, Economic, Social, Technological, Legal and Environmental analysis
4P'S
Product
The product should be differentiated from competitor’s products in terms of quality, quantity and protection.
Price
Setting the correct price is very important as it ensure that we can cover all costs. Hence, the correct price can help to generate sales.
Place
Place refers to the product’s channels of distribution or how its conveyed from the producer to the end user and by manufacturing, transportation, warehousing, wholesaling and retailing considerations
Promotion
Promotion involves communicating the product attributes and the corporate image in the most favorable light to intermediary sellers and end users.