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They will then submit periodic report to the top management which provides them with continuous strategic information about the environment.
Once information is gathered, there will be series of meetings which will assess and evaluate the opportunities and threats that are present in the market. This assessment will help firm’s align its future strategies with the result of this assessment.
Economic Forces:
Economic factors have a direct impact on various strategies. For instance, an increase in interest rate means fewer sales of major home appliances. A rising interest rate tends to be reflected in a higher mortgage rate...
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