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प्रश्न
Mr. Vivek is working as the General Manager of Oshin Hotels Ltd. Mr. Vivek observed that Government was taking a special interest in the Tourism industry as this sector is an important source of foreign exchange and employment promotion. On the basis of this news, the company decided to set up hotels at several tourist places. Oshin Hotels Ltd. established 50 hotels before other companies considered this issue. Very soon, this brand Oshin Hotels Ltd. became well known in the market. Identify the importance of business environment described here.
पर्याय
It enables the firm to identify opportunities and getting the first mover advantage.
It helps the firm to identify threats and early warning signals.
It helps in tapping useful resources.
It helps in improving performance.
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उत्तर
It enables the firm to identify opportunities and getting the first mover advantage.
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संबंधित प्रश्न
How does understanding of business environment help in improving performance of a business?
Distinguish between the following.
Political Environment and Legal Environment.
Justify the following statement:
Social trends provide business opportunities.
Justify the following statement:
Adequate knowledge of rules and regulations is essential for better business performance.
Attempt the following:
Importance of business environment.
Which of the following best indicates the importance of the business environment?
'The current government initiated Make in India Programme which is good for the manufacturing sector.'
Out of the following, identify the component of Business Environment quoted in the above lines:
Assertion (A): The business environment helps in understanding the threats which are likely to happen in the future.
Reason (R): Environmental awareness can help managers to identify various threats on time and serve as an early warning signal
What are the five key points that highlight the significance of Environmental scanning in guiding organisations to adapt to rapidly changing business environment?
Which of the following is considered an external factor in the business environment?
What is the main benefit for businesses that understand the factors in their environment?
Using a weather app to plan activities is similar to which business environment concept?
Which of the following best describes why business firms must interact with their environment?
What role do negative external trends in the business environment serve for organizations?
What is the primary purpose of analyzing the business environment in relation to competitors?
Which of the following correctly identifies the dual role of the business environment in resource management?
How does the business environment contribute to strategic expansion plans?
What is the foundational role of environmental analysis in organizational decision-making?
