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Direction: Read the following text and answer the following questions on the basis of the same:
The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.
In the context of the above given case, identify one valid importance of Business Environment.
  • a)
    Enables a firm to identify opportunities and getting first mover advantage
  • b)
    Uncertainty
  • c)
    Delay in action
  • d)
    Pervasive function
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Direction: Read the following text and answer the following questions...
Importance of Business Environment:
Identify opportunities and getting first mover advantage:
One valid importance of Business Environment is that it enables a firm to identify opportunities and get a first-mover advantage in the market. By analyzing the external factors such as economic, social, political, technological, and competitive environment, a company can spot emerging trends, consumer preferences, and market gaps. This proactive approach allows the company to introduce innovative products or services before competitors, gaining a significant competitive edge. In the case of Coca-Cola, understanding the business environment helped them capitalize on opportunities, introduce new variants of their product, and establish themselves as a market leader.
In conclusion, having a thorough understanding of the business environment is crucial for businesses to stay ahead of the competition, identify opportunities for growth, and make informed strategic decisions. By constantly monitoring and analyzing the external factors that influence their operations, companies can adapt to changes, innovate, and ultimately succeed in the marketplace.
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Community Answer
Direction: Read the following text and answer the following questions...
Environment provides numerous opportunities for business success. Early identification of opportunities helps an enterprise to be the first to exploit them instead of losing them to competitors.
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Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer?
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Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
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The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the following text and answer the following questions on the basis of the same:The name and taste of Coca-Cola is known to almost each and every individual in India as well as throughout the world. This carbonated soft drink holds the most market share in the soft drink market and got itself a special seat in each and every gathering. The Coca-Cola Company has on occasion introduced other cola drinks under the Coke name. The most common of these are Diet Coke, along with others including Caffeine free Coca-Cola, Diet Coke Caffeine free, Coca-Cola Zero Sugar, CocaCola Cherry, Coca-Cola Vanilla and the list goes on. It has capitalized on each and every opportunity to market itself effectively and place itself in the middle of every gathering. The main reason for such an outstanding placement of product goes to the way they have established the connection between every occasion and the need for Coke to be present there, product design and creative advertising.In the context of the above given case, identify one valid importance of Business Environment.a)Enables a firm to identify opportunities and getting first mover advantageb)Uncertaintyc)Delay in actiond)Pervasive functionCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.
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