In an external environment analysis, the first step is to research your customers.

Name: In an external environment analysis, the first step is to research your customers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The first step in an external environment analysis is to research the external factors that could impact your business, such as competitors, suppliers, government regulations, and economic trends. While understanding your customers is important, it is not necessarily the first step in this process.

In an External Environment Analysis, the First Step Is to Research