A S.W.O.T. analysis is not necessary if the firm is considering entering an established market that is already served by competitors.

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Quizplus · Accepted Answer

A SWOT analysis is always beneficial to understand the strengths, weaknesses, opportunities, and threats in a market, regardless of whether or not there are competitors already present. It can help the firm identify ways to differentiate themselves and improve their overall strategy to better succeed in the market.

A SWOT Analysis Is Not Necessary If the Firm Is Considering