RightWay Fencing Ltd.monitors the technological and economic trends in its external environment as well as its internal assets and resource capabilities.What is it most likely performing?

A) a competitive environment scan
B) an environment scan
C) a strategic plan
D) a SWOT analysis

SWOT Analysis

A strategic planning tool that identifies an organization's strengths, weaknesses, opportunities, and threats to aid in decision-making.

Competitive Environment Scan

The process of analyzing and monitoring the business market to identify and understand competitors and industry trends.

Technological Trends

Current and emerging developments in technology that influence various industries and aspects of society.