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