Question: please help! INTERNAL / EXTERNAL FORCES CHP. 3 AND 4 Section 1 SHORT ANSWERS (10 pts each) (Answers should be no less than 200 words)
please help!
INTERNAL / EXTERNAL FORCES CHP. 3 AND 4 Section 1 SHORT ANSWERS (10 pts each) (Answers should be no less than 200 words) 1. In a discussion, outline elaboratively 5 of the 10 major external forces that affect organizations: economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive. (You may choose any 5 ) 2. I want you to tell me CONVINCINGLY, the importance of gathering competitive intelligence. 3. In business we are aware that economic factors have tremendous impacts in the various strategy applications. Name a few economic variables that we need to monitor. 4. Social, cultural, demographic, and environmental changes have a major impact on virtually all products, services, markets, and customers, that's a given, in your own opinionated words why is this so. 5. List 5 key external factors of your choice including both opportunities and threats you believe affect the firm and its industry. List the opportunities first and then the threats. 6. Explain your opinion on how to prioritize and determine a firm's internal weaknesses and strengths. 7. What do you understand about financial ratio analysis, what is it, and why is it so important in business. 8. A major responsibility of strategists is to ensure development of an effective external audit system. Why do you think this is so? Explain your opinion in this
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