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What are the benefits of understanding the business environment?
What are the benefits of understanding the business environment?
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The benefits of understanding the business environment are:
Facilitating the identification of opportunities and getting an advantage
Assisting in the identification of threats
Touching useful resources
Managing the rapid changes
Helping in planning and policy
Benefits of understanding Business Environment:
1) For new business – It helps to understand market requirements & trends.
2) Help in providing better solution then the market has.
3) Product success or failure depends on on going business around.