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Attempt ALL questions.

1. What is environmental scanning?

2. List any two components of the political environment.

3. Mention any two features of the Company Act.

4. What is liberalization?

5. Define the term 'family structure'.

6. List any two objectives of the WTO.

7. What is strategic vision?

8. Define the term 'threshold resource'.

9. What is market development?

10. Mention the types of strategy evaluation.

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Final answer:

This detailed answer explains environmental scanning, components of the political environment, and features of the Company Act.


Explanation:

Environmental Scanning

Environmental scanning involves monitoring, analyzing, and disseminating information from the external environment to key people within the organization. It helps organizations understand the impact of external factors on their business operations.

Components of Political Environment

  1. Government Stability: The stability of the government influences business decisions and policies.
  2. Political Ideology: The beliefs and principles governing the political system affect businesses.

Features of Company Act

  1. Corporate Governance: The Act outlines rules regarding the structure and functioning of corporations.
  2. Legal Compliance: Companies must comply with the regulations specified in the Act.

  4. Learn more about Business here:
  5. https://brainly.com/question/42656363

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