BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
It helps in tapping useful resources
|
|
|
It helps in coping rapid changes
|
|
|
It helps in assisting in planning and policy formulation
|
|
|
It helps in improving performance
|
Detailed explanation-1: -Uncertainty: Business environment is uncertain as it is difficult to predict the future environmental changes and their impact with full accuracy.
Detailed explanation-2: -Organisations that carefully study their business environments and accordingly adopt suitable plans and policies are better able to improve their performance in the long run. The enterprises which keep a check on the environment not only perform well in the present scenario but also continue to succeed in the future.
Detailed explanation-3: -The environment provides various inputs (resources) like finance, machines, raw materials, power and water, labour etc. The business enterprise provides outputs such as goods and services to the customers, payment of taxes to the government, interest/dividend to investors and so on.
Detailed explanation-4: -Identification, Improvement In performance, coping with rapid changes all are the indicators of importance of business environment.