Question

Describe the importance of business environment for the business firm

Answer 1

Hope this answer help you and also it make me brainlist

In any business, it is important to be aware of the actions and strategies of your competitors. A business environment enables firms to analyze their competitors' strategies and actions. ... The reason is that most telecom organizations ensure that they are abreast of the strategies and actions of their competitors.

Answer 2

Explanation:

Tapping Useful Resources

• Careful scanning of the Business Environment helps in tapping the useful resources required for the business.

• It helps the firm to track these resources and convert them into goods and services.