Podcast
Questions and Answers
Environmental scanning is conducted to analyze only the opportunities and weaknesses of a business enterprise.
False
Internal environment scanning involves collecting information about opportunities and threats.
False
The idea generation phase comes after environmental scanning in business planning.
False
External sources for new ideas in environmental scanning can include employees and retailers.
Signup and view all the answers
Setting up a business before conducting environmental scanning is advisable.
Signup and view all the answers
Before getting into the finer details of setting up business, it is advisable to scan the environment both ______ and internal.
Signup and view all the answers
Environmental scanning is carried out to analyze the prospective strengths, weaknesses, opportunities, and ______ of the business enterprise.
Signup and view all the answers
Sources of new ideas for environmental scanning can include consumers/customers, existing companies, research and development, employees, dealers, retailers, and ______.
Signup and view all the answers
Environmental scanning for business planning helps in collecting information about possible opportunities, threats, strengths, and weaknesses from the ______ environment.
Signup and view all the answers
Once a promising idea emerges through the idea generation phase, the next step is ______ scanning.
Signup and view all the answers
