what are the importance of business environment
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Importance of Business Environment:
The environment provides numerous opportunities and it is necessary to identify the opportunities to improve the performance of a business. Early identification gives an opportunity to an enterprise be the first to identify opportunity instead of losing them to competitors.
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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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