preview

SWOT Analysis Of Curio Shop

Decent Essays

SWOT Analysis

Strengths Weaknesses
• Products are of a good pricing
• Availability
• Few expenses
• Situated in a good area
• Wide variety of products

• Large amount of staff needed
• Prices rising
• Not enough staff
• Goods not delivered on time
• No good communication between workers
Opportunities Threats
• Increased demand
• Labour is available
• Products are unique
• More tourists are attracted to it as it is a South African shop
• Lots of people get to see the shop

• Price-cutting by other suppliers
• More competition
• Increase of demands
• Consumers complaining
• Not enough products to suffice the needs of consumers

Literature research essay
Marketing and budgeting

Marketing and budgeting are important factors to consider with …show more content…

E.g. Bridges
• An upgrade in facilities for tourists
• The status of South Africa will be raised globally as the entire world will be watching the event
• Foreign business of South Africa will increase
• The interest of businesses from all over the world who wish to invest in the country increases
• Expenditure as well as investments will result in a large profit
• The development that takes place in Sandton will result in progress regarding technology
• Better productivity in the economy is gained for South Africa
• The construction of accommodation and facilities provides more workplaces
• The tourism sector benefits as it promotes a large increase in retail trade
• A lot of sightseeing will be done by tourists which leads to economic growth
• If tourists have a good experience in Sandton they will give positive feedback and word of mouth when they return to their home countries
• Tourists buy South African products

The negative impacts of global events on the economy

Get Access