Question

state any
Two advantage of business environment study​

Answer 1

Answer:

Business Environment analysis and diagnosis give businessmen time to anticipate opportunities and to plan to take optional response to these opportunities. It also helps strategies to develop an early warning system to prevent threats or to develop strategies, which can turn a threat to the firm's advantage.

Answer 2

Answer:

.1) Enables the Firm to Identify Opportunities and Getting First Mover Advantage:

The businessmen who are able to understand and scan the opportunities of business environment at early stage they get maximum benefit or they can capture a big share in the market. They can go much ahead of their competitors.

2) 2. Helps the Firm to Identify the Threats and Early Warning Signal:

The businessmen who are able to scan and understand the business environment on time get a warning signal to deal with the constraints or the negative policies of business environment