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Together with an Analysis of the Company's External Environment, Internal

question 77

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Together with an analysis of the company's external environment, internal analysis gives managers the information they need to choose the business model and strategies that will enable their company to attain a sustained competitive advantage.


Definitions:

Intermediate Steps

Actions or stages occurring between the initial and final phases of a process or sequence of events.

Heuristic

A approach to problem-solving that employs a practical method not guaranteed to be optimal or perfect, but sufficient for the immediate goals.

Lexical Analysis

The process of converting a sequence of characters into a sequence of tokens, often a preliminary step in the compilation or interpretation of programming languages.

Transformation

A thorough or dramatic change in form, appearance, or character.

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