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Question :

1   

Early identification of opportunities helps an 
enterprise to be the first one to exploit it.

A Business environment helps to identify threats and serve as a warning signal
2 Business depends on the environment as a source of inputs and as an outlet for output B Understanding and examining the environment helps to cope with the significant changes
3 Turbulent market condition, less brand loyalty, more demanding customers describe today's business environment C First mover advantage
4 In a strategic move towards countering the new entrants in the mid segment, Maruti Udyog increased the production three fold. D Business needs to design policies that allow to get the resources it needs

 

Option 1: 1- D, 2-C, 3-B, 4-A

Option 2: 1-B, 2-C, 3-A, 4-D

Option 3: 1-C, 2-D, 3-B, 4-A

Option 4: 1-A, 2-B, 3-C, 4-D


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: 1-C, 2-D, 3-B, 4-A


Solution : 1. First mover advantage - Maximum benefit or profit by grabbing the opportunity at the earliest.
2. Helps in tapping resources - Collecting right type of resources as per present requirement of business by foreseeing the requirement due scan of business environment.
3. Helps in adapt changes - Bringing changes in your organisation as per changes in environment. Being innovative and adopt latest technology latest method of production etc.
4. Warning signal - Come to know in advance for the coming constraints or threats of business due to scan of environment.
Hence, option 3 is the correct answer.

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