1 View

Question :

1   

Early identification of opportunities helps an 
enterprise to be the first one to exploit it.

A Business environment helps to identify threats and serve as a warning signal
2 Business depends on the environment as a source of inputs and as an outlet for output B Understanding and examining the environment helps to cope with the significant changes
3 Turbulent market condition, less brand loyalty, more demanding customers describe today's business environment C First mover advantage
4 In a strategic move towards countering the new entrants in the mid segment, Maruti Udyog increased the production three fold. D Business needs to design policies that allow to get the resources it needs

 

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


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

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.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
SLAT 2025 - The Symbiosis Law...
Apply
Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
ISBR Business School PGDM Adm...
Apply
180+ Companies | Highest CTC 15 LPA | Average CTC 7.5 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business Scho...
View All Application Forms

Trending Articles/News

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books