Refer to Scenario: Green Septic and Water Systems Inc.Green Septic and Water Systems Inc.gathers information about its environment in order to exploit opportunities or cope with threats.What is this called?

A) environmental scanning
B) SWOT analysis
C) environmental reporting
D) strategic analysis

Environmental Scanning

The systematic review and analysis of external conditions to identify potential threats and opportunities for the organization.

SWOT Analysis

A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats, facilitating informed decision-making.

Environmental Reporting

The practice of disclosing information about a company's environmental performance and impact to stakeholders, often part of corporate social responsibility reports.