Refer to the Scenario Below to Answer the Following Questions

question 45

Multiple Choice

Refer to the scenario below to answer the following questions.
Dave's Doughnuts (Scenario)
Dave Glazer is the owner of Dave's Doughnuts, a five-store chain of doughnut shops located in the Okanagan region of British Columbia. At weekly management meetings, Dave asks each of the five store managers to report on local trends and new customer requests.
-Dave likes to keep informed about business trends and reads the industry magazine Doughnut Digest every month. Each year he attends the National Conference of Doughnut Makers and updates his managers upon his return. These activities are examples of __________.

• A) strategic planning
• B) time series analysis
• C) environmental scanning
• D) corporate espionage
• E) forecasting

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Definitions:

Schemas

Cognitive structures that help us organize and interpret information, based on our past experiences and knowledge.

Fear Of Strangers

An emotional response commonly seen in infants, where they show fear or distress towards unfamiliar people.

Assimilate

The process of taking in and fully understanding information or ideas, or the integration of people, ideas, or culture into a wider society or culture.

Emotional Bonds

The deep connections formed between individuals, characterized by feelings of affection, love, and trust.