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.
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
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Answer (1)
23rd Jan, 2024
Correct Answer:
Identify opportunities and getting first mover advantage
Solution :
The company which is able to take the first mover advantage and this more conscious about the change of business environment takes lead in maximizing profit.
Hence Option A is correct.
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