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When the CEO and senior management of a books, music, and games distributor systematically evaluate the company’s internal and external environment to evaluate the vision and mission and develop objectives,
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When the CEO and senior management of a books, music, and games distributor systematically evaluate the company’s internal and external environment to evaluate the vision and mission and develop objectives, which aspect of strategy formulation are they engaged in?

User Kanstraktar
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Answer:

PEST and SWOT

Step-by-step explanation:

PEST and SWOT are closely related approaches to business analysis. PEST is an acronym that stands for political, economic, social and technological influences on a business. SWOT is a situational analysis tool for company leaders that involves assessing strengths, weaknesses, opportunities and threats.

User Evilunclebill
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