A SWOT Analysis Should Consider the Extent of Existing Competition

question 8

True/False

A SWOT analysis should consider the extent of existing competition and the likelihood of substitute products or services as potential strengths or opportunities.

---

Definitions:

Commissions

A type of incentive pay calculated as a percentage of the employee's sales or performance.

Competency-Based Pay System

A compensation approach that rewards employees based on their skills, abilities, and achievements rather than their job title or position.

Skilled-Based

Relating to or focused on abilities and expertise rather than educational credentials or job titles.

Hourly Rate

The amount of money paid for each hour of work.