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1) Improved understanding of competitors' strategies is : A)Benefits of Strategic Management B)Policies c)Pitfalls in Strategic...

1) Improved understanding of competitors' strategies is :
A)Benefits of Strategic Management
B)Policies
c)Pitfalls in Strategic Planning
D)none of all above

2) Assessing the Internal Environment by: A)Financial Ratios
B) Analysis of Cultural
c) Analysis of Economic
D)Analysis of Social
Business   Accounting   
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Answer #1

1.A.Benefits of Strategic Management

Strategic management includes both financial and non-financial benefits.Non financial benefits include improved understanding of competitors strategies,reduced resistance to change etc.

2.A.Financial ratios

The internal environment of a company is assessed  through finanvial ratios.A company's internal environment fovuses on the analysis of its finanvial statementa which is based on financial ratio analysis and examines various elemnts like liquidity,ptofitability etc.

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