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Question
Which of the following best describes why business firms must interact with their environment?
Options
To avoid competition from other firms
To strengthen the firm and improve the use of resources
To reduce the need for strategic planning
To control external forces and eliminate all threats
MCQ
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Solution
Business firms exist within their environment and must adapt to external forces. The interaction with the environment strengthens the firm and improves the utilization of its resources, enabling better performance and sustainability.
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