Question : Identify the importance of business environment highlighted in the below case. With the rise in the demand for Solar lights in the market, company started arranging raw material for Solar lights.
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.
Question : Identify the importance of business environment highlighted in the below case. Timely understanding of environment helps to make suitable changes in the organisation.
Question : Identify the importance of business environment highlighted in the below case. Intense global competition, rapid changes in technology, grand loyalty, more demanding customers, etc., Is characterized by tribulent market conditions.
Question : Identify the importance of business environment highlighted in the below case. All sizes and all types of enterprises are facing increasingly dynamic environment.
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.
Question : Identify the importance of business environment highlighted in the below case. ABC auto has made considerable improvements in its two wheelers when other automobile has just entered into the market.
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