It is a strategic planning tool used by individuals, businesses, and organizations to assess their current situation and make informed decisions about their future.
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External Environment
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MICHAEL PAGARA
Used 12+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
SWOT Analysis
Porter's 5 Forces
model of competition
Competitor Analysis
PESTEL Analysis
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.
SWOT Analysis
Porter's 5 Forces
model of competition
Competitor Analysis
PESTEL Analysis
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is the process of identifying your competitors and researching their strengths, weaknesses, products, and marketing strategies to identify potential opportunities for your own business.
SWOT Analysis
Porter's 5 Forces
model of competition
Competitor Analysis
PESTEL Analysis
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is a tool to understand how factors affect their industry.
SWOT Analysis
Porter's 5 Forces
model of competition
Competitor Analysis
PESTEL Analysis
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is frequently used to identify an industry's structure to determine corporate strategy.
SWOT Analysis
Porter's 5 Forces
model of competition
Competitor Analysis
PESTEL Analysis
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It refers to the factors outside of an organization's control that can have an impact on its operations and success.
External Environment
General Environment
Competitor Analysis
Industry Environment
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is used to gather and interpret competitor information.
External Environment
General Environment
Competitor Analysis
Industry Environment
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