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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Which of the following is a true statement about the term “environment":
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It consists of your surroundings.
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It refers only to the earth and its resources.
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It has no affect on your performance,
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It applies to individuals, not businesses.
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Explanation:
Detailed explanation-1: -Correct Answer: b) Environmental scanning identifies and interprets potential trends.
Detailed explanation-2: -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-3: -It consists of your surroundings. Which of the following would be done first in an environmental scan: potential threats.
Detailed explanation-4: -There are five main types of environmental scanning: technological, legal, ecological, sociological, and economic (financial).
There is 1 question to complete.