You Recommend Performing an External Analysis for Chuck's Bikes and Trikes

question 5

Multiple Choice

You recommend performing an external analysis for Chuck's Bikes and Trikes. The arguments to support this external analysis recommendation include

• A) external environment aspects can affect the company.
• B) gaining information on changes in customer expectations, competitors and their actions, economic factors, technological advances, and other marketplace features are important to the future of the company.
• C) to detect subtle, but potentially damaging changes.
• D) All of the answer choices are correct.
• E) None of the answer choices is correct.

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Definitions:

Past Performance

This term refers to the historical results or achievements of an individual or organization, often used as an indicator for future success.

CEO

Chief Executive Officer, the highest-ranking person in a company or organization, responsible for overall management.

Sales Budget

One of the major elements of the income statement budget that indicates the quantity of estimated sales and the expected unit selling price.

Production Budget

A budget of estimated units to be manufactured to meet budgeted sales and desired inventory levels.