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 highlight in above case:

पर्याय

• It helps in assisting in planning & strategy formulation.

• It helps in coping with change.

• It helps in continuous learning.

• It helps in getting first mover advantage.

Answer 1

It helps in getting first mover advantage.

Explanation:

In the given case:

• Bisleri introduced mineral water bottles in India before other competitors.
• This early entry allowed Bisleri to capture a large market share and establish a strong brand identity.

This highlights the importance of “first mover advantage”, which means:

• Entering the market before competitors.
• Gaining consumer loyalty early.
• Setting industry standards and building a strong market presence.