An analysis of the economic environment would be included in the external environment analysis.

Question

Quizplus · Accepted Answer

The economic environment is one of the major elements of the external environment, along with political, social, technological, legal, and ecological factors. Therefore, analyzing the economic conditions, such as inflation, interest rates, economic growth, and consumer spending patterns would be considered a part of the external environment analysis.

An Analysis of the Economic Environment Would Be Included in the External