Explanation
Environment scanning can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. The environment scanning is applied to both external as well as internal scanning process as business environment includes both external as well as internal environment in which the business is practiced.
The importance of environmental scanning was first recognized in the late 1970s when the environment in which the business was surviving started affecting the conduct of the business.
Environment scanning can be defined as the process by which organizations monitor their relevant environment to identify opportunities and threats affecting their business.
PESTLE analysis is a type of environment scanning where PESTLE stands for political, economic, sociological, technological, legal, and environmental sectors of the business where these different sectors of the business are analyzed in order to update the business with the current environment. Hence, C is the correct option.
The process of environment scanning starts with the gathering of information about the internal and external environment of the business environmrnt.
Business environment can be defined as the forces, factors and institutions with which the businessman has to deal with to achieve its objectives. It includes the summation of both external as well as internal environment of the business.
Specific forces are those forces that affect the conduct of a business directly through its application. These forces include investors, social conditions, competitors and suppliers of the business.
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. ... Likewise, for centuries, people and corporations have invested in enterprises in other countries. All countries now tend to be on the global trend.It is the best way to exist now. Economy is a typical example. All countries are intergrating into the world economy.So global organizations such as UN,WTO ...are very imporatant. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
External environment refers to the environment which is beyond the control of an individual working in a company.
Environment analysis can be defined as the process by which organizations monitor their relevant environment to identify opportunities and threats affecting their business. The environment analysis is applied to both external as well as internal scanning processes as the business environment includes both external as well as the internal environment in which the business is practiced. Thus it helps the management to deal with the business challenges more effectively and efficiently. Hence, the above statement is true.
Environment scanning can be defined as the process by which organizations monitor their relevant environment to identify opportunities and threats affecting their business. The environment scanning is applied to both external as well as internal scanning processes as the business environment includes both external as well as the internal environment in which the business is practiced.
External environmental scanning basically includes the social environment known as general forces as well as task environment which are known as specific forces as they have a direct relationship from the business. These include changes in technology, political factors, the demand of the population, etc.Hence, B is the correct option.
Privatization refers to giving greater role to private sector and reducing the role of public sector through disinvestment of public sector and dilution of stake of the government. Privatization results in better economic development due to more resources from private sector, better management due high competition in private sector and encouragement of entrepreneurial skills into the individual.
Liberalization refers to end of licence, quota and many more restrictions and control that were put on many industries. The term basically refers to opening of the economy to the world and providing freedom to the departmental and public sector undertakings to access capital market in order to achieve international competitiveness.
Environment scanning can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. The environment scanning is applied to both external as well as internal scanning process as business environment includes both external as well as internal environment in which the business is practiced. Therefore, government analysis is not a type of business environment scanning.
Core investment companies are non-banking financial companies (NBFCs) holding not less than 90% of their net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies. Core Investment CompaniesCore Investment Companies (CICs) are a specialized Non-Banking Financial Companies (NBFCs).A Core Investment Company registered with the RBI has an asset size of above Rs 100 crore.Their main business is acquisition of shares and securities with certain conditions.
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