Question : Identify the importance of business environment highlighted in the below case.
All sizes and all types of enterprises are facing increasingly dynamic environment.
Option 1: Identify opportunities and getting first mover advantage
Option 2: Identify threads and early warning signals
Option 3: Helps in taping useful resources
Option 4: Helps in coping with rapid changes
Correct Answer:
Helps in coping with rapid changes
Solution :
The business environment is getting increasingly dynamic. Changes are taking place at a fast pace. In order to effectively cope up with these changes managers must understand and examine the environment and develops a suitable course of action for the same.
Hence Option D is correct.
