The development of strategies involves an analysis of the ________ environment to identify economic, social, and technological opportunities and potential threats.
A) internal
B) external
C) organizational
D) market

Question

Quizplus · Accepted Answer

The external environment refers to the factors outside the organization that can impact its performance, such as changes in the economy, society, or technology. Therefore, analyzing the external environment is essential to develop effective strategies that can take advantage of opportunities and mitigate potential threats. Internal factors (choice A) refer to the organization's strengths and weaknesses, and organizational factors (choice C) would be more related to its structure or culture. Market factors (choice D) are also important, but they would fall under the external environment category.

The Development of Strategies Involves an Analysis of the ________