Updating Business Strategies Is a Continuous Undertaking as Internal and External

question 49

Multiple Choice

Updating business strategies is a continuous undertaking as internal and external environments ________.

• A) Become less competitive
• B) Remain stagnant
• C) Rapidly change
• D) Become more consistent

---

Definitions:

Shapes

The external form or appearance characteristic of someone or something; the outline of an area or figure.

Shareholders

Individuals or entities that own shares in a corporation, thereby having a vested interest in its performance.

Marketing Department

A division within a company responsible for developing strategies and tactics to promote, sell, and distribute its products or services.

Environmental Forces

External factors such as social, economic, technological, and political conditions that affect businesses and consumers.