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.
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 taping useful resources
Solution :
Environment is a source of various resources for running a business. Enterprises design policies to arrange the required resources so that it can convert them into desired output. This can be done better by understanding what the environment has to offer.
Hence Option C is correct.
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