When managers identify a market trend that suggests a new opportunity and then devise a strategy to go after this new opportunity,they are involved in the function of:

Question

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Planning involves identifying opportunities or challenges in the marketplace and then devising a course of action to take advantage of or address them. In this scenario, managers are identifying a market trend that suggests a new opportunity and then developing a strategy to pursue it, making it a planning function. Organizing involves arranging resources and personnel to carry out the plan, leading involves guiding and coordinating the efforts of personnel to execute the plan, and controlling involves monitoring and adjusting the plan as needed to ensure it is achieving its desired outcomes.

When Managers Identify a Market Trend That Suggests a New