Monitoring developments outside of the firm's control with the goal of detecting and responding to threats and opportunities is calledMultiple Choicedata mining.environmental scanning.competitive analysis.brand positioning.market assessment.

Technology companies must stay on top of consumer demands for the latest features in their products. This introduces environmental uncertainty due toMultiple Choicedynamism.complexity.competitive intelligence.threat of entry.drive.

Companies conduct market research on:Multiple select question.business trendsglobal trendsecological impact of decisionsobsolete products

Woolworths is experiencing changes in its environment. To survive competition, it must scan its environment continuously. Which one of the following does NOT refer to environmental scanning? a.Analysing and making business decisions based on demographic data obtained from the market.b.Competitors and the organisation’s performances are compared to learn about the strategy and business ideas of competitors.c.An executive of the organisation may be approached to learn the organisation’s environmental aspects.d.Market research data are collected to learn and provide information on establishing a scanning department.

The use of tools to study the environment for potential technological changes that can both positively and negatively affect the firm’s value proposition is called __________.a.)competitive analysisb.)technology forecastingc.)environmental scanningd.)innovation roadmapping

The things a business currently possesses and does well are calledMultiple Choicestrengths.threats.weaknesses.opportunities.