Asked by Rebecca Lovato on Jun 17, 2024

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Which of the following would most likely occur during an assessment of the external marketing environment?

A) analyzing the specific industry
B) evaluating core competencies
C) contacting financial resources
D) establishing strategic moves

External Marketing Environment

External factors and influences that impact a company's marketing strategy, including economic, political, social, and technological aspects.

Industry Analysis

An assessment that examines the market dynamics, competitors, and economic environment of a specific sector to understand its profitability and competitiveness.

Strategic Moves

Actions taken by a company to enhance its competitive position within the market.

  • Acquire knowledge on the basics of situation analysis in marketing activities.
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GG
GNIOT Group of InstitutionsJun 22, 2024
Final Answer :
A
Explanation :
Analyzing the specific industry is a key component of assessing the external marketing environment as it involves examining factors such as competition, market trends, and regulatory changes. Evaluating core competencies, contacting financial resources, and establishing strategic moves are more focused on internal analysis and decision-making.