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Entrepreneurial Opportunity — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Opportunity4 Marks
Question
Enumerate the sources from which information for environmental scanning can be collected by an entrepreneur.
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Answer

Information for environmental scanning can be collected from several sources. These include
  1. Verbal communication and time to time information from customers, wholesalers, retailers, distributors, consultants., stakeholders, etc.
  2. Complete records of companies.
  3. Government publications and infor-mation.
  4. Publications by various financial institutions and related organisations.Formal studies conducted by strategic planners.

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