Question

With the introduction of mineral water bottle in India, Bisleri was able to capture the big
market share in India. Which importance of Business Environment is highlighted here.
(a) Helps in Policy Making
(b) Identifying threat and getting warning signals
(c) Helps in tapping resources
(d) Help to identify opportunities and getting first mover advantage

Answer 1

Answer:

The correct option is  (d) Help to identify opportunities and get a first-mover advantage.

Explanation:

• The business Environment exists sum or group of all internal and external elements such as workers, customers' needs and anticipations, supply and demand, administration, customers, suppliers, proprietors, movements by government, the invention of technology, social trends, market trends, and financial changes, etc. These characteristics affect the operation of the business and how a business processes directly or indirectly.
• Good knowledge of the environment by company managers permits them not only to identify and assess but also to react to the parties outside their businesses.
• "With the introduction of mineral water bottles in India, Bisleri existed capable to catch a big market share in India" help to identify opportunities and get a first-mover advantage is highlighted here.

Help to identify opportunities and get a first-mover advantage

The environment furnishes numerous opportunities, and it is essential to recognize the possibilities to enhance the execution of a company.

Early identification permits a company to be the first to recognize opportunities instead of failing them to opponents.

Therefore, The correct option is  (d) Help to identify opportunities and get a first-mover advantage.