Identify and Explain the Directives for the Productive Use of SWOT

question 30

Essay

Identify and explain the directives for the productive use of SWOT analysis. Which directive do you think is the most important? Why?

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Definitions:

World Price

The international market price for a product, influenced by global supply and demand.

Domestic Price

The price of goods and services within a country's borders as opposed to international or world prices.

Comparative Advantage

An economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners.

International Trade

The exchange of goods, services, and capital between countries, driven by comparative advantage and leading to increased economic efficiency.