Question

Explain the benefits of understanding the relevant environment of business.

Answer 1

Explanation:

Environmental understanding generates a feeling among public that business is sensitive and responsive to its environment. This helps in building the image or reputation of the firms. The understanding of its business environment helps an organization to make realistic plans and ensure their effective implementation.

Answer 2

Explanation:

Environmental understanding generates a feeling among public that business is sensitive and responsive to its environment. This helps in building the image or reputation of the firms. The understanding of its business environment helps an organization to make realistic plans and ensure their effective implementation...