Question

Which of the following is an importance of environment?

• A. Searching of opportunity
• B. Maintaining of existence
• C. Getting success
• D. All of these

Hint:

A strong understanding of the business environment ensures long-term growth and adaptability to change.

Answer 1

The Correct Option is D

Step 1: Understanding the Business Environment.
The business environment includes all external and internal factors that influence business operations such as economic, social, political, and technological forces.
Understanding the environment helps businesses adapt to changes, identify opportunities, and overcome threats.
Step 2: Importance of the Environment.
The business environment is important because:
- It helps in searching for new opportunities by analyzing market trends.
- It aids in maintaining existence by allowing firms to adapt to environmental changes.
- It ensures business success by helping organizations make strategic decisions.
Step 3: Analysis of options.
- (1) Searching of opportunity: Correct but partial.
- (2) Maintaining of existence: Also correct.
- (3) Getting success: True but not the only importance.
- (4) All of these: Correct — covers all aspects of business-environment importance.
Step 4: Conclusion.
Hence, the importance of business environment includes all of the above — searching opportunity, maintaining existence, and achieving success.