Question

Environmental analysis makes the task of managers easier in dealing with business challanges.

• A. True
• B. False
• C. Partly true
• D. None of above

Answer 1

The correct option is A True

Environment analysis can be defined as the process by which organisations monitor their relevant environment to identify opportunities and threats affecting their business. The environment analysis is applied to both external as well as internal scanning process as business environment includes both external as well as internal environment in which the business is practiced. Thus it helps the management to deal with the business challenges more effectively and efficiently.