Question: Please answer the following questions completely: 1 - Why is it important for a firm to study and understand the external environment 2 - What

Please answer the following questions completely: 1 - Why is it important for a firm to study and understand the external environment 2 - What are the four parts of the external environmental analysis process? What does the firm hope to learn from this process? 3 - Identify the seven segments of the general environment. How do they differ? 4 - What is a strategic group? Of what value is knowledge of the firm's strategic group in formulating the firm's strategy? 5 - What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why

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