Question

Name one method TBC has used to adapt to challenge of the market environment. Motivate your answer by quoting from the scenario above

Answer 1

There are two types of business environments - external business environment and internal business environment.

External environment includes elements which are not a part of the business like competition from other businessmen.

Internal environment includes elements which are a part of the business which affect the business. For example : capital of the business.

The method TBC (Tums Building Construction) has used to adapt to face the challenges of the market or business environment is that they provide better service to their clients than their competitors.