Why is understanding the business environment crucial for tapping useful resources ........

Business Studies (CUET) Business Environment

Why is understanding the business environment crucial for tapping useful resources?

It helps in advertising the product aggressively.

It enables a business to identify what resources it needs.

It reduces the cost of production.

It ensures compliance with laws.

Understanding the environment helps businesses identify valuable resources needed for operations.

Advertising doesn't assist in resource tapping.

Compliance with laws, while important, isn't related to resource identification.

Reducing production costs is not directly related to resource identification.

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