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The document discusses assessing a business environment by scanning both the internal and external factors. It explains that conducting an environmental scan is important as it allows a business to identify strengths, weaknesses, opportunities, and threats in order to optimally use resources, survive and grow, develop long-term strategies, and make effective decisions. Some techniques mentioned for assessing the business environment include PEST/PESTLE, SWOT, Porter's 5 Forces model, value chain analysis, and life cycle assessment.











