Final answer:
Organizations monitor the business environment to understand market competition and customer demand, which are influenced by technology and globalization. This understanding is crucial for navigating various market structures like monopoly, oligopoly, and competitive markets. The correct option is A.
Step-by-step explanation:
Organizations monitor the business environment to see what competitors are offering and what customers are demanding. Understanding the market structures such as pure competition, monopolistic competition, oligopoly, and monopoly helps in grasping how competition influences customer choices and business strategies.
Moreover, shifts due to technology and globalization have redefined markets, intensifying competition and creating a more interconnected global marketplace.
For instance, due to advanced communications technologies and the internet, customers can now order products from anywhere, significantly increasing competition for local retail businesses.
Likewise, in business-to-business markets, online platforms enable suppliers and buyers worldwide to connect, affecting how organizations approach competition and regulation.
When studying market structures, students should consider characteristics, examples, and regulations that apply to operating within these structures. It's also important to understand the role that productivity, technology, and trade play in economic growth. The correct option is A.