INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A main reason that environmental scanning is important is so that businesses can be aware of
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new products.
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competitors’ internal environments.
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potential threats.
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foreign markets.
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Explanation:
Detailed explanation-1: -Environmental scanning is important because it provides information on factors that will affect the organization in the future, allowing leadership to proactively respond to external impacts.
Detailed explanation-2: -Environmental scanning is the ongoing tracking of trends and occurrences in an organization’s internal and external environment that bear on its success, currently and in the future. The results are extremely useful in shaping goals and strategies.
Detailed explanation-3: -The term environmental scanning stands for gathering data about the organization and its surroundings. collecting information about the shareholders.
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