Question

In order to effectively cope with significant changes, firms must _______ the environment and develop suitable course of action.

• A. Understand
• B. Examine
• C. Understand and examine
• D. Understand without examining

Answer 1

The correct option is C Understand and examine

Environment scanning can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. It is done by understanding and examining the environment to develop suitable course of action in order to effectively cope up with the significant changes of business environment.