Changes in economic,competitive,government,and market factors,can be anticipated by the process of _______________________________.

Question

Quizplus · Accepted Answer

Environmental scanning is the process of analyzing and monitoring external factors such as economic, competitive, government, and market factors that may affect a business's strategy and operations. This helps a business to anticipate and prepare for changes in these factors. The other options, such as the International Product Life Cycle model, competitive scanning, and technology scanning, may be useful tools for analyzing specific aspects of a business environment, but they do not encompass the broad range of external factors that environmental scanning considers.

Changes in Economic,competitive,government,and Market Factors,can Be Anticipated by the Process