Examining trends in the foodservice industry is an example of what component of strategic planning?
A) Evaluation of outcomes
B) Monitoring the environment
C) Completing an organizational assessment
D) Thinking strategically

Question

Quizplus · Accepted Answer

Monitoring the environment involves keeping up-to-date with trends, changes, and developments in the industry and external factors that may impact the organization's operations. Examining trends in the foodservice industry is a critical aspect of this monitoring. A, C, and D are also important components of strategic planning, but they do not directly relate to examining industry trends.

Examining Trends in the Foodservice Industry Is an Example of What