BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Get first mover advantage
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complexity
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Tapping useful resources
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better performance
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Detailed explanation-1: -Continuous elements are not a part of the business environment.
Detailed explanation-2: -Study of business environment helps in identifying the positive changes as well as threats or hindrances that affects the performance of an organisation. Thereby, it helps them in taking appropriate measures for improving the performance.
Detailed explanation-3: -Among the options given above, employees does not characterise business environment. Business environment refers to the external forces such as individuals, enterprises, situations, and other such forces that affect the performance of the organisation.
Detailed explanation-4: -Business environment helps in determining the various business opportunities, resources and also assists in forming plans for the growth of the organisation. The components of a business environment can be media, customers, government, economic conditions, suppliers, competitors etc.