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Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ?
Most Upvoted Answer
Two big Bollywood movies were scheduled to be released on the same dat...
Characteristic of Business Environment:
Unforeseen Events
Explanation:
The given case highlights the characteristic of unforeseen events in the business environment. Unforeseen events are the sudden and unexpected events that occur in the business environment and have a significant impact on the business operations. In this case, the opposition by a group of people due to unethical content in one of the Bollywood movies, resulted in the postponement of its release. This event was unforeseen and had a significant impact on the business operations of the movie.
Impact of Unforeseen Events:
The impact of unforeseen events can be positive or negative. In this case, the postponement of one movie provided an opportunity for the other movie to earn maximum profits. However, the postponed movie suffered a loss due to the opposition of the group of people. The impact of unforeseen events can be managed through effective risk management strategies.
Importance of Managing Unforeseen Events:
Unforeseen events can have a significant impact on the business operations, and hence, it is important for businesses to manage these events effectively. Effective risk management strategies can help businesses to minimize the impact of unforeseen events and ensure business continuity. Risk management strategies include identifying potential risks, assessing the impact of risks, developing contingency plans, and implementing risk mitigation measures.
Conclusion:
The given case highlights the characteristic of unforeseen events in the business environment. Unforeseen events can have a significant impact on the business operations, and hence, it is important for businesses to manage these events effectively through effective risk management strategies.
Unforeseen Events
Explanation:
The given case highlights the characteristic of unforeseen events in the business environment. Unforeseen events are the sudden and unexpected events that occur in the business environment and have a significant impact on the business operations. In this case, the opposition by a group of people due to unethical content in one of the Bollywood movies, resulted in the postponement of its release. This event was unforeseen and had a significant impact on the business operations of the movie.
Impact of Unforeseen Events:
The impact of unforeseen events can be positive or negative. In this case, the postponement of one movie provided an opportunity for the other movie to earn maximum profits. However, the postponed movie suffered a loss due to the opposition of the group of people. The impact of unforeseen events can be managed through effective risk management strategies.
Importance of Managing Unforeseen Events:
Unforeseen events can have a significant impact on the business operations, and hence, it is important for businesses to manage these events effectively. Effective risk management strategies can help businesses to minimize the impact of unforeseen events and ensure business continuity. Risk management strategies include identifying potential risks, assessing the impact of risks, developing contingency plans, and implementing risk mitigation measures.
Conclusion:
The given case highlights the characteristic of unforeseen events in the business environment. Unforeseen events can have a significant impact on the business operations, and hence, it is important for businesses to manage these events effectively through effective risk management strategies.
Community Answer
Two big Bollywood movies were scheduled to be released on the same dat...
Business Environment is a relativity concept.
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Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ?
Question Description
Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ?.
Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two big Bollywood movies were scheduled to be released on the same date. but, at the last minute, release of one movie had to be postponed due to opposition by a group of people because of some unethical content in the movie. The loss suffered by the postponed movie provided opportunity for the released movie to earn maximum profits. (a) Which characteristic of business environment is highlighted in the given case ?.
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