Final answer:
The Octagon Corporation's review of its operations and performance is an example of internal analysis, which involves evaluating internal resources to understand current performance and identify areas for improvement.
Step-by-step explanation:
The Octagon Corporation conducting a review of its operations and performance to determine its areas of strength and areas needing improvement is an example of internal analysis. Internal analysis involves evaluating an organization's internal resources, capabilities, and competencies to understand its current performance and identify areas for improvement. It helps a company gain insights into its strengths and weaknesses and develop strategies to enhance its competitive advantage.