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Management · Q184

Strategic Management

Graduate and Post Graduate · Management · question 184

Q184

____________ is also referred to as external strategic management audit

A.
Organizational analysis
B.
Environmental analysis
C.
Industry analysis
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Industry analysis is also referred to as external strategic management audit. An industry analysis is a business function completed by business owners and other individuals to assess the current business environment. This analysis helps businesses understand various economic pieces of the marketplace and how these various pieces may be used to gain a competitive advantage.