(Be sure to answer all parts of the question.) As reported i…
(Be sure to answer all parts of the question.) As reported in the Forbes, Mars Inc. recently announced that it was buying full control of Kellogg’s snack spinoff Kellanova, for $36 billion. The transaction includes all of Kellanova’s brands, assets and operations, including family favorites such as Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, NutriGrain and RxBar. Mars owns many brands in complementary categories, including Snickers, M&M’s, Twix, Dove and Extra, along with some crossover in snack and breakfast bars, such as KIND and Nature’s Bakery. The combination would make Mars-Kellanova among the top 5 packaged food and beverage conglomerates in the world, significantly larger than rivals Kraft Heinz, Mondelez, Campbell’s and General Mills and trailing only Unilever, Nestle and Pepsico. Source: Forbes Based on class materials, lectures, and discussions, a. Which area of a SWOT analysis do you think Mars is addressing with this investment? S, W, O, or T? Be specific. State the letter and what the letter stands for. b. Explain your answer.