Question

Why it is important for business enterprises to understand
their environment? Explain briefly.​

Answer 1

Answer:

see this attachment

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Answer 2

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☞Understanding the distinct differences in customer needs of larger enterprises and smaller firms is critically important for operators. ... They have more employees and locations to connect, as well as the need to secure data and information across geographic and mobile boundaries.

☞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.

☞As businesses and workers become more efficient, costs fall, profits and incomes rise, demand expands, and economic growth and job creation accelerate.