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How do businesses use Value Chains SWOT analysis to identify opportunities in electronic commerce?

a) By ignoring SWOT analysis
b) By focusing only on strengths
c) By assessing strengths, weaknesses, opportunities, and threats
d) By solely concentrating on opportunities

User JMarques
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Final answer:

Businesses use Value Chains SWOT analysis to identify opportunities in electronic commerce by assessing strengths, weaknesses, opportunities, and threats.

Step-by-step explanation:

Businesses use Value Chains SWOT analysis to identify opportunities in electronic commerce by assessing strengths, weaknesses, opportunities, and threats (option c).

Value Chains SWOT analysis allows businesses to analyze their internal strengths and weaknesses, as well as the external opportunities and threats posed by the electronic commerce industry. This analysis helps businesses to understand their competitive advantage, identify potential areas for improvement, and develop strategies to capitalize on opportunities in electronic commerce.

For example, a business might identify their strength in developing innovative digital products, their weakness in lacking an online presence, an opportunity in the growing demand for online shopping, and a threat from intense competition.

User Aelexe
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