Given the Range of External Influences That Impact a Firm,understanding

question 42

Multiple Choice

Given the range of external influences that impact a firm,understanding the external environment requires managers to:

• A)Use a framework or a system to organize relevant information
• B)Monitor competitors closely
• C)Use all existing sources and techniques to gather and analyze information
• D)Devote a large proportion of their time to this task

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Definitions:

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The quality of being trusted, believed in, or convincing based on demonstrated honesty, reliability, and expertise.

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