SWOT Analysis Is One Method for Scanning the Business Environment

question 58

True/False

SWOT analysis is one method for scanning the business environment to collect and interpret relevant information about direct competitors,indirect competitors,and potential competitors.

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Definitions:

Disadvantaged Racial Minorities

Racial or ethnic groups that have historically faced social, economic, and political disadvantages and discrimination.

Petrochemical Plants

Industrial facilities engaged in the production of chemicals and derivatives primarily from petroleum and natural gas.

Cancer Alley

A colloquial name for an area along the Mississippi River between Baton Rouge and New Orleans, known for a high concentration of industrial plants and associated with elevated cancer rates among its population.

Science and Technology

Fields of study and application that involve the systematic study of the natural world through observation and experiment, and the application of scientific knowledge for practical purposes.