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Which One of the Following Statements Is Always True

question 95

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Which one of the following statements is always true?


Definitions:

Environmental Scan

The process of collecting information about the external and internal environments to identify opportunities and threats.

Competitive Environment Scan

The process of analyzing the market in which a business operates to understand the competition and identify opportunities and threats.

Strategic Plan

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Labour Market Scan

A process of examining and analyzing the current state of the job market to understand trends, job availability, salary ranges, and required skill sets.

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