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Question
Airlines will be able to offer the benefit of lower pricing to customers on sectors/routes due to the decision of the civil aviation ministry to remove price caps from August 31, 2022. This can help an airline to do better performance if they take early decisions regarding future courses of action after understanding and doing analysis. Which importance of business environment and its understanding by managers is not highlighted above:
Options
It helps in improving performance.
It helps in assisting in planning and policy formulation.
It helps in tapping useful resources.
It enables a firm to identify opportunities and get first mover advantage.
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Solution
It helps in tapping useful resources.
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