Examlex
Trial and error is a problem-solving strategy that involves attempting different solutions and eliminating those that do not work.
Implementing Phase
The stage in a project or strategy where planned actions are executed.
SWOT Analysis
A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.
External Environment
Factors outside an organization that can influence its operation, including economic, political, social, technological, and legal factors.
Situation Analysis
Second step in a marketing plan; uses a SWOT analysis that assesses both the internal environment with regard to its Strengths and Weaknesses and the external environment in terms of its Opportunities and Threats.
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