Question

Patrick expects that each person he hires for his online business to be involved in studying trends involving new​ technology, competitors, and customers. These employees are involved in​ ________. A. customer analysis B. external analysis C. internal analysis D. industry analysis

Answer 1

B. external analysis

Step-by-step explanation:

External Analysis is the analysis of the external environment and provides insight into the opportunities and threats within a business environment. This forms the input for a SWOT Analysis on which the ultimate strategy of a business is based. Together with the Internal Analysis, it forms the Situational Analysis.