1.

Enumerate the sources from which information for environmental scanning can be collected by an entrepreneur.

Answer»

Information for environmental scanning can be collected from several sources. These include: 

(i)Verbal communication and time to time information from: customers, wholesalers, retailers, distributors, consultants., stakeholders, etc. 

(ii)Complete records of companies. 

(iii)Government publications and information. 

(iv)Publications by various financial institutions and related organisations. 

(v)Formal studies conducted by strategic planners.



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