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Lavender Ltd. is an Indian company dealing with cosmetics. The company finds that a foreign multinational namely Floral beauty is entering the Indian market with new substitutes. On the basis of this information, Lavender Ltd. can prepare themselves to meet the threat by adopting measures such as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.
Identify the significance of business environment mentioned in the above text.
  • a)
    Business Environment helps in improving performance.
  • b)
    Business Environment helps in assisting in planning and policy formulation.
  • c)
    Business Environment helps the firm to identify threats and early warning signals.
  • d)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
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Lavender Ltd. is an Indian company dealing with cosmetics. The company...
Threats refer to the external environment trends and changes that will hinder a firm’s performance. Besides opportunities, environment happens to be the source of many threats. Environmental awareness can help managers to identify various threats on time and serve as an early warning signal. For example, if an Indian firm finds that a foreign multinational is entering the Indian market with new substitutes, it should act as a warning signal. On the basis of this information, the Indian firms can prepare themselves to meet the threat by adopting such measures as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.
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Lavender Ltd. is an Indian company dealing with cosmetics. The company finds that a foreign multinational namely Floral beauty is entering the Indian market with new substitutes. On the basis of this information, Lavender Ltd. can prepare themselves to meet the threat by adopting measures such as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.Identify the significance of business environment mentioned in the above text.a)Business Environment helps in improving performance.b)Business Environment helps in assisting in planning and policy formulation.c)Business Environment helps the firm to identify threats and early warning signals.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Lavender Ltd. is an Indian company dealing with cosmetics. The company finds that a foreign multinational namely Floral beauty is entering the Indian market with new substitutes. On the basis of this information, Lavender Ltd. can prepare themselves to meet the threat by adopting measures such as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.Identify the significance of business environment mentioned in the above text.a)Business Environment helps in improving performance.b)Business Environment helps in assisting in planning and policy formulation.c)Business Environment helps the firm to identify threats and early warning signals.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Lavender Ltd. is an Indian company dealing with cosmetics. The company finds that a foreign multinational namely Floral beauty is entering the Indian market with new substitutes. On the basis of this information, Lavender Ltd. can prepare themselves to meet the threat by adopting measures such as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.Identify the significance of business environment mentioned in the above text.a)Business Environment helps in improving performance.b)Business Environment helps in assisting in planning and policy formulation.c)Business Environment helps the firm to identify threats and early warning signals.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Lavender Ltd. is an Indian company dealing with cosmetics. The company finds that a foreign multinational namely Floral beauty is entering the Indian market with new substitutes. On the basis of this information, Lavender Ltd. can prepare themselves to meet the threat by adopting measures such as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.Identify the significance of business environment mentioned in the above text.a)Business Environment helps in improving performance.b)Business Environment helps in assisting in planning and policy formulation.c)Business Environment helps the firm to identify threats and early warning signals.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Lavender Ltd. is an Indian company dealing with cosmetics. The company finds that a foreign multinational namely Floral beauty is entering the Indian market with new substitutes. On the basis of this information, Lavender Ltd. can prepare themselves to meet the threat by adopting measures such as improving the quality of the product, reducing cost of the production, engaging in aggressive advertising, and so on.Identify the significance of business environment mentioned in the above text.a)Business Environment helps in improving performance.b)Business Environment helps in assisting in planning and policy formulation.c)Business Environment helps the firm to identify threats and early warning signals.d)None of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
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