Question

A company can identify its strengths by analysing its external environment.

Options

• True

• False

Answer 1

This statement is True.

Explanation:

A company can identify its strengths by analyzing its external environment to understand the market landscape, competitor positioning, customer needs, and industry trends. This analysis helps pinpoint the company's unique advantages, such as superior product quality, strong brand reputation, or strategic partnerships, that differentiate it from competitors and provide a competitive edge.