Question no 15
Q15. Mr. Ajay after completing MBA from USA comes to India to start a new business under the banner Ecom Creations Ltd. He launches a new product in e-learning for Senior Secondary School students in Commerce stream, which already has an established market in UK and USA but not in India. His business starts flourishing in India. Now more Indian companies entered into the market with other subjects also.
Identify and quote the lines from above para which highlight the significance of understanding business environment.
Dear student,
Ans 15)The given para highlights the following points of significance of business environment:
Ans 15)The given para highlights the following points of significance of business environment:
- Identification of opportunities: A study of business environment helps in identifying the opportunities and take the first advantage. (lines from para: threre are no establishd market in India)
- Identification of threats: A study of business environment helps in identifying the threats or negative signals and take suitable actions (lines fro para: now new firms are entering the market)