Question

Importance Business of Environment???
Pls guys correct answer ☺️✌️☺️​

Answer 1

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. Further, they can create their own strategies accordingly.

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Answer 2

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★ Importance

Business environment is a great aid in ensuring survival and growth of the business enterprise amidst volatile and turbulent environmental factors (Volatile and turbulent factors are those which are likely to change suddenly and easily becoming dangerous).

★ Meeting Competition

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. Further, they can create their own strategies accordingly.

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