Question : Business environment is a source of both _____________ and ______________.
Option 1: Resources, changes
Option 2: Changes, opportunities
Option 3: Changes, threats
Option 4: Opportunities, threats
Correct Answer: Opportunities, threats
Solution : An understanding and awareness of the business environment is a must for every businessman as ignorance about the business environment can lead to loss of business opportunities and businessmen would not be able to identify threats towards the business enterprise, which may result in failure of a business. So the business environment is the source of both opportunities as well as threats. Hence, option 4 is the correct answer.
Question : ______________ refers to the external trends and changes that will hinder's a firm's performance.
Option 1: Opportunities
Option 2: Threats
Option 3: Warning signals
Option 4: Business environment
Question : Which environment involves the study of changes in technology and its impact on business operations?
Option 1: Technological environment
Option 2: Economic environment
Option 3: Social environment
Option 4: Political environment
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.
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