Given the range of external influences that impact a firm,understanding the external environment requires managers to:
A)Use a framework or a system that allows them to organize relevant information and rank the importance of different factors
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

Question

Quizplus · Accepted Answer

Understanding the external environment requires managers to use a framework or system to organize and prioritize relevant information, helping them to focus on the most critical factors impacting the firm.

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