Identifying and evaluating key social, political, economic, technological and competitive trends and events comprise
A) developing an effective mission statement.
B) conducting an internal audit.
C) performing an external audit.
D) formulating strategy.
E) implementing strategy.

Question

Quizplus · Accepted Answer

Identifying and evaluating key social, political, economic, technological and competitive trends and events is part of an external audit, which is done to understand the opportunities and threats in the environment that a company operates in. This information can inform the company's strategy formulation. Therefore, the correct answer is performing an external audit.

Identifying and Evaluating Key Social, Political, Economic, Technological and Competitive