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.

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This statement is true. An analysis of the external environment and internal environment provides managers with a comprehensive understanding of a company's strengths, weaknesses, opportunities, and threats. With this information, they can determine which business model and strategies will give them a competitive edge over their rivals.

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