Business Studies, asked by lalitmaheshwari032, 9 months ago

why is the understanding of business environment important for managers ?

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Answered by Anonymous

3

Explanation:

Understanding of business environment is important for managers because, ... Environmental awareness can help managers to identify various threats on time and serve as an early warning signal. (iii) It helps in tapping useful resources: Environment is the source of all resources a business needs for its operation.

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