What is a situation audit in strategic planning?
Question:
What is a situation audit in strategic planning?
Situation Audit:
A situation audit seeks to gauge the challenges affecting market gaps that a company may venture into within a given period. Therefore, the audit aims to safeguard the business from venturing into opportunities that they may not overcome when they arise during its operation.
Answer and Explanation:
Become a Study.com member to unlock this answer! Create your account
View this answerA situation analysis entails investigations on market factors, rivalry in the market, and other environmental factors that affect the operations of a...
See full answer below.
Learn more about this topic:
from
Chapter 3 / Lesson 4In a financial audit, sampling can be an efficient way to tackle a large number of accounting transactions. Learn about the importance of sampling, types of sample selection, and the differences between statistical and non-statistical sampling.