Question

which of the following actions should Bobbi take to identify opportunities for online business growth​

Answer 1

1. identify a USP
2. build a SWOT analysis
3. review competitor websites

Multiple-choices

• hire a financial planner

• identify a USP

• ship to new countries
• build a SWOT analysis
• distribute feedback forms to suppliers
• review competitor websites

Step-by-step explanation:

Identity a USP

USP is an abbreviation for a unique selling point or proposition. A USP is that one thing that makes a business better than its rivals. It is that unique benefit that customers can derive from a particular product or business. A USP distinguished a business from the others. Identifying a business USP, and communicating it to the market increases its competitiveness.

SWOT analysis

SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis involves assessing, identifying, and incorporating these four elements in the business plans. An online business growth strategy will be more realistic after considering SWOT.

Review competitor websites

Reviewing competitors' websites provides information on what rivals are doing. It gives insights on the level of competition and what one needs to do to be better.