Multiple Choice
Revenue sources for cities include all of the following except:
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1. Introduction to Accounting
Types of Accounting
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Analysis of a firm's internal environment identifies the firm's ________.
A
strengths and weaknesses
B
external market trends
C
opportunities and threats
D
macroeconomic conditions
Verified step by step guidance1
Understand the concept of internal environment: The internal environment of a firm refers to factors within the organization that can influence its performance, such as resources, capabilities, and processes.
Recognize the purpose of analyzing the internal environment: This analysis helps identify the firm's strengths (areas where it excels) and weaknesses (areas where it may need improvement).
Differentiate between internal and external analysis: Internal analysis focuses on factors within the firm, while external analysis examines market trends, opportunities, threats, and macroeconomic conditions.
Relate the analysis to strategic decision-making: By identifying strengths and weaknesses, the firm can leverage its advantages and address areas of concern to improve its competitive position.
Confirm the correct answer: Based on the definition and purpose of internal environment analysis, the correct answer is 'strengths and weaknesses.'
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