The systematic,regular monitoring of major external forces influencing the organization is called:
A) demand forecasting.
B) environmental scanning.
C) exception reporting.
D) influence analysis.

Question

Quizplus · Accepted Answer

The systematic, regular monitoring of major external forces influencing the organization is known as environmental scanning. Option A, demand forecasting, involves predicting future demand for a product or service based on past trends and data. Option C, exception reporting, is a process of identifying and reporting unusual or unexpected events or data that requires management's attention. Option D, influence analysis, is a technique used to assess the impact of various factors on business decisions or outcomes. Therefore, option B is the only choice that accurately describes the given statement.

The Systematic,regular Monitoring of Major External Forces Influencing the Organization