The First Part of an External Analysis Is to

question 76

Multiple Choice

The first part of an external analysis is to

• A)research potential substitutes.
• B)develop a competitive edge.
• C)identify potential customers.
• D)determine in which industry the new business will compete.

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Definitions:

Predict

To forecast or estimate the outcome of a particular process or reaction based on known data or theories.

Nitroglycerine

A highly volatile and explosive chemical compound used in dynamite and in medicinal preparations as a vasodilator.

Glycerine

A simple polyol compound used in foods, pharmaceuticals, and cosmetics for its moisturizing and solvent properties.

Nitric Acid

A highly corrosive and strong mineral acid with the formula HNO3, commonly used in the production of fertilizers, explosives, and in various nitration processes.