Which of the Following Is the First Step in Conducting

question 11

Multiple Choice

Which of the following is the first step in conducting a SWOT analysis?

• A) Study the environment for changes in consumer needs.
• B) Compare the value chains of the firm and its competitors.
• C) Match internal strengths to possible external opportunities.
• D) Scan the environment for significant shifts in market segments.

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Definitions:

Trading Partners

Companies or entities that engage in commerce with each other, involving the exchange of goods, services, or information.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, committed to regional integration.

Asia-Pacific Region

The Asia-Pacific Region is a geographical area near the western Pacific Ocean, including countries in East Asia, Southeast Asia, and Oceania, known for its diverse cultures, economies, and strategic importance.

US Relations

The diplomatic, economic, social, and military interactions between the United States and other countries or international organizations.