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.
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 coping with rapid changes
Solution : The business environment is getting increasingly dynamic way changes are taking place at a fast pace. In order to effectively cope up with the changes manages must understand and examine the environment and develops suitable course of action for the same. Hence Option D 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. All sizes and all types of enterprises are facing increasingly dynamic environment.
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.
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. Enterprises design policies to arrange the required resources so that it can convert them into desired output.
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