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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.
 

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
 


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Identify threads and early warning signals
 


Solution : Environment awareness helps in organisation to identify threats to its business interest in acts as early warning signal. Timely understanding of environment helps to make suitable changes in the organisation.
Hence Option B is correct.

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