External Environment Has Little or No Impact on the Formal

question 57

True/False

External environment has little or no impact on the formal planning process.

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Definitions:

Relative Market Share

A measure of a company's sales volume in comparison to its competitors, indicating market strength and competitiveness.

Horizontal Axis

In a graph or chart, the horizontal axis is typically the x-axis, representing the independent variable or the basis for measuring changes or comparisons.

SBU

Strategic Business Unit; a semi-autonomous segment of a larger business or organization that operates as an independent entity.

BCG Business Portfolio

A matrix developed by the Boston Consulting Group that helps companies analyze their business units or product lines based on market growth rate and market share.