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