Question : Early identification of _____________ helps an enterprise to be the first to exploit them.
Option 1: Threats
Option 2: Opportunities
Option 3: Warning signals
Option 4: Resources
Correct Answer: Opportunities
Solution : Business environment scanning enable the firm to identify opportunity and getting first mover advantage. The business who are able to understand and scan the opportunities of business environment at early stage they get maximum benefit or they can capture a big share in the market. Hence, option 2 is the correct answer.
Question : Identify the importance of business environment highlighted in the below case. Enterprises design policies to arrange the required resources so that it can convert them into desired output.
Question : Identify the importance of business environment highlighted in the below case. Timely understanding of environment helps to make suitable changes in the organisation.
Question : Demand for LED TV are increasing day by day. Thus, TV manufacturers have started making LED TVs instead of LCD. Identify the significance of business environment being portrayed in the given case.
Question : Identify the importance of business environment highlighted in the below case. Maruti udyog was the first company to recognise the need for small cars in India.
Question : ______________ refers to the external trends and changes that will hinder's a firm's performance.
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