The management function responsible for monitoring and managing the business environment is

Question

Quizplus · Accepted Answer

The management function responsible for monitoring and managing the business environment is corporate public affairs. This function is responsible for monitoring social, political, and economic trends that may affect the company and its stakeholders. It also involves building and maintaining relationships with external stakeholders such as the media, government officials, and community organizations. Corporate public relations is a related function that focuses on managing the company's image and reputation through communication strategies. Corporate social responsibility and corporate social responsiveness are related concepts that refer to a company's ethical and social obligations to its stakeholders, but they are not specifically related to managing the business environment.

The Management Function Responsible for Monitoring and Managing the Business