Q. As a result of major government initiatives, more and more people are going ‘green’. In order to keep in line with the trend, ‘Clapaway’ a carpet cleaning company has advertised that they only use natural cleaners that come from renewable resources and that all their service vehicles are hybrid vehicles that use both gas and electricity. Identify one of the points related to the importance of business environment and its understanding by managers which is being highlighted in the above case.
A. It helps in assisting in planning and policy formulation.
B. It helps in coping with rapid changes.
C. It helps in improving performance.
D. It enables the firm to identify opportunities and getting the first mover advantage.
Answer: It helps in improving performance.