When a Company Monitors Developments Outside the Control of the Firm

question 88

Short Answer

When a company monitors developments outside the control of the firm with the goal of detecting and responding to threats and opportunities, it is engaged in _______ _______.

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Definitions:

Parliament

The supreme legislative body in many countries, typically comprising two houses (upper and lower) that are responsible for making laws and overseeing the government.

Virtue

Moral excellence and righteousness; an inclination to do good.

American Society

A diverse and dynamic society consisting of individuals from various racial, ethnic, and cultural backgrounds within the United States.

Political Authority

Political authority refers to the power and legitimate right granted to governments or leaders to govern and enforce laws within a society.