1 Explain how does the understanding of business environment help the management in the following: (a) Tapping useful resources; and (b) Coping with rapid changes.
Answers
Answered by
1
Answer:
Understanding of business environment is important for managers because, ... (ii) It helps the firm to identify threats and early warning signals: Business environment is prone to numerous threats. Environmental awareness can help managers to identify various threats on time and serve as an early warning signal.
Answered by
1
Answer:
The correct answer to this question is option (b) Coping with rapid changes.
Similar questions