A farmer sells wheat to a baker for $2. Thebaker uses the wheat to make bread, which issold for $3. What is the total contribution ofthese transactions to GDP?
The next two slides contrast the two restaurants in terms of how they might conduct a SWOT analysis. You will not need to know what specific actions they take, but you need to know examples of an environmental analysis and an organizational analysis. An environmental analysis asks the question, what is happening outside the business that might affect their success An organizational analysis asks the question, what is happening inside the business that might affect their success Notice that they are likely to ask different questions and have different answers for these two types of analyses. Notice also the importance of formulating strategy from a SWOT analysis. ASWOT analysis tells you specifically what will affect your ability to achieve your business goals. It is what you do with thi
