Answer :
Leveraging its strengths and addressing weaknesses, Costco can seize opportunities and mitigate threats to maintain its competitive advantage.
The SWOT framework is a strategic analysis tool that stands for strengths, weaknesses, opportunities, and threats.
It is used to evaluate the internal and external factors that affect a company's performance.
Conducting a SWOT analysis for Costco, we can identify strengths like its strong brand reputation, low prices, and wide product selection.
Weaknesses could include limited online presence and a membership-based business model.
Opportunities may include expanding internationally and diversifying product offerings, while threats could be increased competition and economic fluctuations.
Based on the SWOT analysis, recommendations for Costco could include enhancing its online presence, exploring new markets, and investing in technology to improve efficiency.
By leveraging its strengths and addressing weaknesses, Costco can seize opportunities and mitigate threats to maintain its competitive advantage.
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