Information-gathering in the planning process should begin with the external environment in which the firm competes.

Name: Information-gathering in the planning process should begin with the external environment in which the firm competes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It is crucial for a firm to first assess the external environment, including factors such as competitors, market trends, technology, and government regulations, in order to make informed decisions and create effective plans.

Information-Gathering in the Planning Process Should Begin with the External