Refer to Scenario: Green Septic and Water Systems Inc.Green Septic and Water Systems Inc.monitors demographic and labour market trends as well as technological and IT changes.Which of the following is it most likely performing?

Question

Quizplus · Accepted Answer

Green Septic and Water Systems Inc. is performing an environment scan, which involves monitoring various external factors such as demographic and labour market trends, as well as technological and IT changes. This information is used to inform the company's strategic planning process. A competitive environment scan would specifically focus on the company's competitors and their strategies. A labour market scan would only focus on labour market trends and not other external factors. A strategic plan is the outcome of the planning process, which is informed by the environment scan.