Question

Why is monitoring the environment important for a business?

विकल्प

• It helps identify both opportunities and threats.

• It makes external factors within the control of the business.

• It makes all firms affected in the same way.

• It removes the dynamic nature of the environment.

Answer 1

Monitoring the environment helps identify both opportunities and threats. It is useful because the environment is dynamic, uncertain, complex, inter-related, and relative in nature.