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Evaluate using the formula from this section.? ?
Sociocultural Environments
The societal and cultural factors that influence an organization's operations, including norms, values, customs, and demographics.
Opportunities
External factors or situations that can be leveraged by a business or organization to achieve its goals.
Threats
External factors or circumstances that could cause harm to an organization or project, often identified in a SWOT analysis.
Total Budget Competitors
Companies or entities competing within the same market that allocate similar amounts of financial resources towards their operations and marketing efforts.
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