• Submitted By: janta
  • Date Submitted: 10/23/2008 10:25 AM
  • Category: Business
  • Words: 1703
  • Page: 7
  • Views: 763

Give the advantages and disadvantages of both Swot and Pest Analysis


• Helps identify particular internal influences.
• Differences in existing resources
• Helps company to understand it’s competitors

• Only really concentrates on internal process
• Has limited role in overall strategy of company

• Helps to identify the external influences
• Help to make long term strategic decision
• Enables government act/rules

• Can take up a lot of time and resources
• Information may too long to be a real use
• Can be too general

4 Reason for the growth of an international business
• Choice of business model
• Limited resources
• Growth of competitive forces
• Market growth potential
• Government policies
• Technology in terms of E- business

Limitation of decision making techniques for internal business
(SWOT,PEST,forecasting, technique, flow chart,technique)

• Useless in making long-term strategy (it take too long to collect)
• It may not fully reliable
• Depends on information being shared. If it s not shared them is limitation

Market Structures, Firms Competition and Government

Assessment of monopolist

A situation in which a single company owns all or nearly all of the market for a given type of product or service.

If a single firm monopolizes the market supply restriction occurs. In such circumstances rather than increasing output supplier increase demand it leads to raise price and make more profit.

Monopolist  single/ sole producer
 Significant share in market (25%)


• Price makers Set/determine price
• Make decision on output level/ distribution
• Benefit from economic of scale
• Achieve high profit


• Others are...

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