Step 1: Meaning of business environment.
The environment refers to the external conditions, forces, and institutions that affect a business.
It includes economic, social, political, and natural surroundings.
Step 2: Importance of environment.
- It helps in searching for new opportunities (e.g., new technology, market trends).
- It ensures survival by adapting to environmental changes.
- It assists in achieving success by identifying strengths and weaknesses.
Step 3: Option analysis.
- (A) In searching opportunities: Correct but only one aspect.
- (B) In maintaining existence: Correct but incomplete.
- (C) In getting success: Correct but not the whole answer.
- (D) All of these: Correct, since all factors are equally important.
Step 4: Conclusion.
Environment is important for opportunity search, existence, and success.