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What is the purpose of environment analysis?
  • a)
    To identify strengths and weaknesses of competitors
  • b)
    To anticipate changes in the business environment
  • c)
    To analyze the impact of international events on business
  • d)
    To formulate appropriate marketing strategies
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of environment analysis?a)To identify strengths an...
The purpose of environment analysis is to anticipate changes in the business environment. The text states that environment analysis helps in understanding the current business environment and identifying probable future changes in areas such as the legal environment, technology, and demand. This information is used to formulate appropriate strategies and capitalize on opportunities.Interesting additional fact: Environment analysis is a proactive approach that enables businesses to stay ahead of the curve by identifying emerging trends, potential threats, and market opportunities. By continuously monitoring the environment, companies can adapt and adjust their strategies to remain competitive and achieve long-term success.
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What is the purpose of environment analysis?a)To identify strengths and weaknesses of competitorsb)To anticipate changes in the business environmentc)To analyze the impact of international events on businessd)To formulate appropriate marketing strategiesCorrect answer is option 'B'. Can you explain this answer?
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