Question : Identify the importance of business environment highlighted in the below case. Environment is a source of opportunities amd thread it helps to understand and analyse the base for the future codes of action and guidelines for decision making.
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: Health and improving performance.
Correct Answer: Helps in assisting in planning and policy formation
Solution : Environment is a source of opportunities amd thread it helps to understand and analyse the base for the future codes of action and guidelines for decision making. It is the base for planning and policy formation. Hence Option C is correct.
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 : It helps in revising the standard as and when required. It also helps the organisation to verify the standards and to keep a check on the changes taking place. Which importance of controlling is highlighted here?
Question : It helps the organisation to verify whether the standard set are accurate and objectives. Which importance of controlling is highlighted here?
Question : It helps to communicate the role of employees well in advance. It motivates them to give better performance. Which importance of controlling is highlighted here?
Question : Which of the following is not a feature of strategy?
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