The following statement relates to which strategic response

Q16) The following statement relates to which strategic response approach to the environment: They seek to monitor the changes in that environment, analyse their impact on their own goals and activities and translate their assessment in terms of specific strategies for survival, stability and strength.

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Correct

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Solution:
three approaches a company may take to respond to its business environment.

• Least Resistance
This is a passive approach that some businesses maintain. The aim here is the survival of the business.
So they simply react to the changes and cope with their new situations in order to survive, not thrive.

•Proceeding with Caution
At a slightly higher level, organizations do more than simply react.
They take the efforts to study and analyze their environment.
They take an active interest in finding smart ways to adapt to the ever-changing external environment.

• Dynamic Response approach :
It involves actively monitoring and analyzing changes in the environment and adapting strategies to respond to those changes.
This approach emphasizes agility, flexibility, and responsiveness to the external environment, allowing organizations to quickly adjust their goals and activities in response to shifting conditions.

Answer given in module is option (a)
Correct option is (c)