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Questions and Answers
What is the main focus of the present chapter?
What is the main focus of the present chapter?
- To discuss the challenges of business environment
- To analyze the techniques of business environment
- To explain the nature of business environment
- To provide information about various types of environments (correct)
Why is it important to scan the external and internal environment while doing any business?
Why is it important to scan the external and internal environment while doing any business?
- To avoid competition
- To ignore environmental influences
- To identify opportunities and challenges (correct)
- To focus on internal factors only
What does the environment have the power to do, according to the text?
What does the environment have the power to do, according to the text?
- Guarantee immediate success for any business
- Make anything successful when it has opportunities (correct)
- Delay the success of a business
- Eliminate all challenges for a business
What is one of the techniques suggested to analyze the business environment?
What is one of the techniques suggested to analyze the business environment?
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What is meant by 'uncertainty in business environment'?
What is meant by 'uncertainty in business environment'?
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