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Question

The importance of environmental scanning was first recognized by life insurance firms in the late _______.

A
1670s
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B
1770s
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C
1870s
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D
1970s
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Solution

The correct option is D 1970s
Environment Scanning is careful monitoring of an organization's internal and external environments for detecting early signs of opportunities and threats that may influence its current and future plans.The importance of environmental scanning was recognized by life insurance firms in the late 1970s.

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