Question

explain the benefits of understanding the business environment? ROLE of political environment in shaping the business?

Answer 1

Answer:

Hey buddy here is your answer:-

Explanation:

The benefits of understanding the business environment are:

Facilitating the identification of opportunities and getting an advantage

Assisting in the identification of threats

Touching useful resources

Managing the rapid changes

Helping in planning and policy

2) It involves political conditions such as peace and general stability in the nation and the traits of the elected government representatives hold towards the business concerns. Political stability certainly gains confidence among the society of the business whilst political instability, incorrect law and order situation might bring uncertainty to the business pursuits. For instance, post Globalisation, Government of India permitted many companies to get into the Indian market to boost the different industries like food processing industry etc.,

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Answer 2

Answer:

the benefits of understanding the bussiness environment:-

• facilitating the identification of opportunities and getting an advantage.

• Assisting in the identification of threats.

• Touching useful resources

• Managing the rapid changes