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

Question

Quizplus · Accepted Answer

Using a framework or a system to organize relevant information helps managers to categorize and prioritize the external factors that can affect the firm's performance. It also enables them to identify new opportunities and potential threats to the business.

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