Question :
Early identification of opportunities helps an enterprise to be the first one to exploit it.
Option 1: 1- D, 2-C, 3-B, 4-A
Option 2: 1-B, 2-C, 3-A, 4-D
Option 3: 1-C, 2-D, 3-B, 4-A
Option 4: 1-A, 2-B, 3-C, 4-D
Correct Answer: 1-C, 2-D, 3-B, 4-A
Solution : 1. First mover advantage - Maximum benefit or profit by grabbing the opportunity at the earliest. 2. Helps in tapping resources - Collecting right type of resources as per present requirement of business by foreseeing the requirement due scan of business environment. 3. Helps in adapt changes - Bringing changes in your organisation as per changes in environment. Being innovative and adopt latest technology latest method of production etc. 4. Warning signal - Come to know in advance for the coming constraints or threats of business due to scan of environment. Hence, option 3 is the correct answer.
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