Why is understanding and analyzing environmental factors crucial for business ........

Business Studies (CUET) Business Environment

Why is understanding and analyzing environmental factors crucial for business?

To maintain current business practices

To avoid compliance with laws

To decide future actions and policies

To focus solely on financial performance

Understanding factors helps in planning future actions and formulating policies.

Maintaining current practices may not adapt to changes.

Avoiding compliance with laws is detrimental.

Focusing solely on financial performance overlooks strategic planning.

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