Question

What is the managerial response to business environment changes?

Answer 1

Dear Student,

The managerial responses to the business environment are as follows:

i)The managers have to respond whenever there is change in needs of the clients.
ii) ​They have to respond if there is change in technological environment in order to make its product competitive.
iii) They have to respond if any change occurs in political environment to protect the business from government intervention.
iv) They have to respond if there is change in customer's taste.
v) They have to respond ​if any change occurs in legal regulations,

Regards