5 Questions
Which of the following is the purpose of an external audit?
To identify key variables that offer opportunities and threats
What is the main focus of Porter's Five Model?
Competitive analysis
What is the purpose of a SWOT analysis?
To identify key variables that offer opportunities and threats
What is the nature of internal audit?
To assess the internal forces of a business
What is the purpose of an Internal Factor Evaluation (IFE) Matrix?
To evaluate the internal factors of a business
Test your knowledge on strategic management with this quiz! Learn about the importance of external and internal audits, identify the components of Porter's Five Model, and apply tools and techniques in internal and external assessment. Put your skills to the test by creating a SWOT analysis.
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