The three parts of the external environment which affect a firms strategic actions are
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A firm's strategic actions are the actions taken by the firm in order to increase sales and profitability. These strategies are a part of the business policy under which a firm conducts marketing processes.
The three parts of the external environment which affect a firm's strategic actions are:
(i) General Environment: The social, political and economic changes that affect the strategic processes.
(ii) Industry Environment: The condition of the industry determines the strategy of the firm.
(iii) Competitor Environment: The competition in the market decides how the firm would carry out its marketing processes.
The three parts of the external environment which affect a firm's strategic actions are:
(i) General Environment: The social, political and economic changes that affect the strategic processes.
(ii) Industry Environment: The condition of the industry determines the strategy of the firm.
(iii) Competitor Environment: The competition in the market decides how the firm would carry out its marketing processes.
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Explanation:
The three parts of the external environment which affect a firm's strategic actions are:
- (i) General Environment: The social, political and economic changes that affect the strategic processes.
- (ii) Industry Environment: The condition of the industry determines the strategy of the firm.
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