MyQuestionIcon

10

You visited us 10 times! Enjoying our articles? Unlock Full Access!

Business Studies

Business Environment

The understan...

Question

The understanding of business environment helps the mangers to identify "threats".
What is meant by 'threats' here?

Open in App

Solution

An organization is exposed to external environment, which is dynamic in nature. Threats are anything from an organization's external environment that can adversely affect its performance or achievement of goals.

Suggest Corrections

thumbs-up

0

Similar questions

Q. "The understanding of business environment enables the firm to identify opportunity."

What is meant by 'opportunities' here?

Business environment or environmental scanning helps in the identification of threats and early warning signals. Explain.

"The understanding of business environment enables business firms to identify opportunities".

Q. "A good 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 the light of the above statement explain any four points of importance of understanding business environment by a manager.

Q. In which of the following ways proper understanding of various aspects of business environment helps the business?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Business Environment

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Business Environment

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon