An assessment of external uncontrollable variables that may impact the business plan is known as:
A) an environmental analysis.
B) a description of the venture.
C) a trend analysis.
D) an executive summary.

Question

An assessment of external uncontrollable variables that may impact the business plan is known as: 
A) an environmental analysis.
B) a description of the venture.
C) a trend analysis.
D) an executive summary.

Quizplus · Accepted Answer

An environmental analysis assesses external uncontrollable variables, such as economic conditions, market trends, legal and regulatory issues, and competition, that may impact the business plan. option B describes the venture, option C describes a type of analysis, and option D is a summary of the key points of the business plan.

An Assessment of External Uncontrollable Variables That May Impact the Business