Question

Environment is a source of various resources for a running business. To engage in any type activity, a business enterprise assembles various resources called inputs like money, machine,material, men etc. from its environment including Financers, Government and Suppliers. Which importance of business environment is highlighted by this statement

Answer 1

Answer:

It Helps in Tapping Useful Resources Environment is a source of various resources for running a business

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Please use this answer for preparation and not for cheating

Answer 2

Answer:

Increasing Performance, Continuous environmental analysis assists businesses in creating effective policies and plans, which enhances performance.

Explanation:

What is the origin of various corporate resources?

• It Aids in Accessing Useful Resources The environment is a source of many resources for managing a business. A business company assembles diverse resources, known as inputs, to engage in any form of activity. Understanding what the environment has to offer can help you accomplish this more effectively.
• Increasing Performance, Continuous environmental analysis assists businesses in creating effective policies and plans, which enhances performance.
• Enterprises can identify various dangers and opportunities that have an impact on their performance by doing a study of the business environment. It supports the organisation in responding to these changes in an effective way. It therefore aids in enhancing its performance.        

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