While Conducting a SWOT Analysis,the Strengths and Weaknesses Are Considered

question 9

True/False

While conducting a SWOT analysis,the strengths and weaknesses are considered the external environment factors affecting an organization.

Differentiate between a market and a target market with examples.

Recognize personal experiences and perspectives as valuable in understanding marketing concepts.

Explain the concept of exchange in marketing beyond mere monetary transactions.

Describe target markets for specific products and services, emphasizing the importance of market segmentation.

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Definitions:

Dominant Culture

The prevailing culture in a society, which often sets norms, values, and practices adopted by the majority.

Subculture

The culture of groups whose values and norms of behavior are somewhat different from those of the dominant culture.

Media

Channels or systems of communication that disseminate information, entertainment, or promotional materials to the public.

Asia and Latin America

Two geographically diverse regions known for their rich cultures, histories, and significant economic and political developments in the global context.