Sports Autobody Shop is company that specializes in customizing high-end cars. When the owners conducted a SWOT Analysis they learned the following about their business and the environment they operate within:

• There is a decline in growth in their market.
• Customer loyalty is strong.
• Employment rate in Alberta has increased in Alberta, so people are spending more.
• Strong rand awareness and reputation.
• Many people are switching to alternate, more sustainable methods of transportation such as walking, biking, e-scooters, etc.
• Costs of raw materials from suppliers are decreasing.
• They have experienced many recent changes in management which has slowed the number of projects they can take on.
• They are a leading innovator in customs cars.
• Their services and products are priced higher than competitors.

Indicate which elements from the list above are strengths (S), weaknesses (W), opportunities (O), or a threats (T) by placing an S, W, O, or T beside each statement.