BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Opportunity
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Threats
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Both a and b
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None of the above
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Detailed explanation-1: -Environmental scanning allows the firm to make the best decision keeping in mind the success and growth of the business. They point out all the threats and weaknesses. And they also identify the strengths of the firm.
Detailed explanation-2: -Environmental scanning is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions. It is closely related to a S.W.O.T.
Detailed explanation-3: -Answer: The four important factors of environmental scanning are events, trends, issues, and expectations. Events are occurrences which takes place in different environmental sectors of a business.
Detailed explanation-4: -The term environmental scanning stands for gathering data about the organization and its surroundings. collecting information about the shareholders. gathering information relating to the employees.