Addoso Inc. manufactures electronic gadgets. The marketing…
Addoso Inc. manufactures electronic gadgets. The marketing managers at Addoso Inc. have discovered that a new competitor is gaining more customers by selling products at lower prices. In the context of SWOT—internal strengths (S) and weaknesses (W) and external opportunities (O) and threats (T)—analysis, which of the following actions should be taken by the marketing managers at Addoso Inc.?