A(n) ________ analysis determines which areas of a firm's operations represent strengths or weaknesses (currently or potentially) compared to competitors.
A) external
B) internal
C) strategic
D) industrial

Question

Quizplus · Accepted Answer

An internal analysis focuses on the strengths and weaknesses within a company. This analysis considers factors such as organizational structure, operational efficiency, and resource allocation. By contrast, an external analysis looks at factors such as market trends, competition, and regulatory environments that can impact a company's operations but are outside of its control. A strategic analysis considers both internal and external factors to assess a company's current position and identify opportunities for growth and improvement. An industrial analysis is a more specific type of external analysis that focuses on the broader industry or sector in which a company operates.

A(n) ________ Analysis Determines Which Areas of a Firm's Operations