Question

When the CEO and senior management of a books, music, and games distributor systematically evaluate the company’s internal and external environment to evaluate the vision and mission and develop objectives, which aspect of strategy formulation are they engaged in?

Answer 1

Answer:

PEST and SWOT

Explanation:

PEST and SWOT are closely related approaches to business analysis. PEST is an acronym that stands for political, economic, social and technological influences on a business. SWOT is a situational analysis tool for company leaders that involves assessing strengths, weaknesses, opportunities and threats.