Question

TRUE OR FALSE.

Environmental scanning is the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business.

Answer 1

This statement is true.

Explanation:

• Environmental scanning refers to the process by which organisations monitor and assess their relevant business environment.
• It helps them identify opportunities and threats that may impact their business, so they can plan and adapt accordingly.
• This scanning involves analysing various factors like economic, social, political, technological, and legal forces.