Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Understanding of environment by business managers enables them not only to identify and evaluate but also to react to the forces external to their firm.

Understanding of environment by business managers enables them not only to identify and evaluate but also to react to the forces external to their firm. In light of the statement, explain by giving any five points why in the present-day competitive market, it is essential for a business enterprise to remain alert and aware of its environment. 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

five reasons why its essential for a business enterprise to remain alert and aware of its environmen... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach with Data Analytics

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

1st edition

1119401747, 978-1119401742

More Books

Students also viewed these General Management questions

Question

Evaluate the integral (4e* + 2 In (2))dx.

Answered: 1 week ago

Question

describe the process of competition,

Answered: 1 week ago

Question

understand the concept of social loafing, and

Answered: 1 week ago