Question:
The process of gathering information about market or socio-economic trends is called
The process of gathering information about market or socio-economic trends is called
Updated On: Dec 22, 2025
- Need for achievement
- Tenacity
- Neuroticism
- Environmental Scanning
Show Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The process of gathering information about market or socio-economic trends is called Environmental Scanning. This is crucial for businesses and entrepreneurs to identify opportunities and threats in the environment that can impact their operations. Let’s analyze why the other options are incorrect:
- Need for Achievement: This refers to the drive or desire to accomplish something significant or challenging. It is a personal trait or motivation and not related to gathering external information.
- Tenacity: This trait refers to persistence or determination. It involves continuing efforts despite difficulties or delays in achieving success. It is again a personality trait, not related to data gathering.
- Neuroticism: This is a personality trait characterized by emotional instability, anxiety, or moodiness. It does not pertain to market or trend analysis.
Therefore, the correct answer is Environmental Scanning, which involves systematically examining the external environment to identify important factors that may impact the organization.
Was this answer helpful?
0
0
Top CMAT Innovation & Entrepreneurship Questions
- Given below are two statements :
Statement I : Cost-Benefit Analysis (CBA) measures a project's societal effects and does costs and benefits comparable in monetary terms.
Statement II : CBA is most widely applied tool for the appraisal of transport project.
In the light of the above statements, choose the correct answer from the options given below :- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
- Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A) : As India moves progressively towards becoming a global knowledge economy, it must meet the rising aspirations of it's youth. This can be partially achieved through focus on advancement of skills that are relevant to the emerging economic environment.
Reason (R) : 62% of India's population is in the working age group (15-59 years) and more than 54% of the total population is below 25 years of age. Our country presently faces a dual challenge of paucity of highly trained workforce as well as non employability of the large work force of the conventional educated youth.
In the light of the above statements, choose the correct answer from the options given below :- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
- Given below are two statements :
Statement I : An Intrapreneur operates within a large organisation to drive innovation.
Statement II : An Intrapreneur is the same as an entrepreneur, working independently to start a new business.
In the light of the above statements, choose the most appropriate answer from the options given below :- CMAT - 2025
- Innovation & Entrepreneurship
- Entrepreneurship: Concept, Functions and Need
Match List I with List II :
List I List II (A) Equity financing (II) Selling ownership shares (B) Strategic Alliance (III) Partnership for mutual benefit (C) Entrepreneurial Mindset (IV) Innovative thinking (D) Break even point (I) No profit No loss Choose the correct answer from the options given below :
- CMAT - 2025
- Innovation & Entrepreneurship
- Fundamentals of Business
Venture Capital financing is _______
(A) Type of financing by venture capital.
(B) It is private equity capital provided as seed funding to early stage.
(C) Investment in blue chip companies for assured return.
(D) It is a high risk investment made with an intention of creating high returns.
(E) Done in technology projects only.
Choose the correct answer from the options given below :
- CMAT - 2025
- Innovation & Entrepreneurship
- Financial Markets
View More Questions
Top CMAT Business and Economy Questions
_________ entrepreneurs suffer losses, as they refuse to make any modifications in the existing production methods.
- CMAT - 2023
- Innovation & Entrepreneurship
- Business and Economy
- Which type of innovation seeks to make a better product to target the high-end of the market?
- CMAT - 2023
- Innovation & Entrepreneurship
- Business and Economy
As business grows, time management continues to be an issue, but the entrepreneur's major concern usually becomes :
- CMAT - 2023
- Innovation & Entrepreneurship
- Business and Economy
- Entrepreneurship can be best described as
- CMAT - 2023
- Innovation & Entrepreneurship
- Business and Economy
- Given below are two statements :
Statement I : Venture capital firms are usually organized as limited partnerships.
Statement II : Venture capitalist is a money manager who is involved in making risk investments from equity capital with the objective of gaining better returns.
In the light of the above statements, choose the most appropriate answer from the options given below- CMAT - 2023
- Innovation & Entrepreneurship
- Business and Economy
View More Questions
Top CMAT Questions
- Consider the statements given below followed by two assumptions and decide which of the assumption is/are implicit in the statement.
Statement : "We must introduce objective type tests to improve our examinations for admission to MBA". - The chairman of the admission committee tells the committee.
Assumptions :
I. The admission at present is directly through the interview.
II. The admission committee is desirous of improving the admission examinations.- CMAT - 2025
- Data Sufficiency
- Four different positions of the same dice are shown below. Find the number on the face opposite the face showing 4.
- CMAT - 2025
- Image Based
- Atal Academy focuses on the performing arts. In the current batch, 40 students can sing, 60 students can dance and 24 students can act. No student is a triple threat (some one who can sing, dance and act). However, 16 students can sing as well as dance, 12 students can dance and act and 8 students can sing and act. How many students have only one performing talent?
- CMAT - 2025
- Venn Diagrams
- Arrange the following words in a meaningful sequence and choose the most appropriate sequence from the given alternatives.
(A) Police
(B) Punishment
(C) Crime
(D) Court
(E) Judgement- CMAT - 2025
- Logical and Analytical Reasoning Skills
- In the following diagram, the square represents women, triangle represents corporate managers and circle represents MBAs. Which numbered part represents - women who are corporate managers and has done MBA as well?
- CMAT - 2025
- Venn Diagrams
View More Questions