Question : Identify the importance of business environment highlighted in the below case.
Enterprises which continuously analyse and understand the trend of the business environment and exist themselves as per the changes such enterprises succeed in the market for the longer period.
Option 1: Helps in taping useful resources
Option 2: Helps in coping with rapid changes
Option 3: Helps in assisting in planning and policy formation
Option 4: Helps in improving performance.
Correct Answer:
Helps in improving performance.
Solution :
Enterprises which continuously analyse and understand the trend of the business environment and exist themselves as per the changes such enterprises succeed in the market for the longer period. Future of an enterprise is closely linked with what is happening in the environment analysing and understanding of trends helps the business to improve its performance.
Hence, Option D is correct.
