Chapters 1 and 4 discuss Environmental Scanning in each of t

Chapters 1 and 4 discuss Environmental Scanning, in each of the following – Write an “I” next to the statements that would be part of an internal analysis and an “E” next to those that would be part of an external analysis. For each of the following, put I for Internal and E for External. In your answer, list the # and I or E. 1 point for each correct answer. Last year our product sales increased 10% ______ Population in our service area has been growing at a rate of 10% per year ______ Our competitors have just lowered their prices by 15% _____ Our profitability results have been declining in the past two years _____ Environmental regulations are placing a financial burden on our business _____

Solution

Chapters 1 and 4 discuss Environmental Scanning, in each of the following – Write an “I” next to the statements that would be part of an internal analysis and an “E” next to those that would be part of an external analysis. For each of the following, put I for Internal and E for External. In your answer, list the # and I or E. 1 point for each correct answer. Last year our product sales increased 10% ___I___ Population in our service area has been growing at a rate of 10% per year __E____ Our competitors have just lowered their prices by 15% _E____ Our profitability results have been declining in the past two years ____I_ Environmental regulations are placing a financial burden on our business __E___