Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

13.Explain by giving any three reasons why understanding of Business Environment is important for
managers.(3)

Sagot :

GinnyAnswer

Final answer:

Managers must understand the business environment to adapt to changes, gain a competitive advantage, and make effective decisions.


Explanation:

Understanding of Business Environment is crucial for managers due to the following reasons:

  1. Organizational Response to Changes: Managers need to understand how external factors can impact their organization's operations and strategies.
  2. Competitive Advantage: Knowledge of cultural influences and global trends can provide a competitive edge in decision-making.
  3. Effective Decision-Making: Being aware of environmental changes enables managers to make informed and successful decisions.

Learn more about Importance of understanding Business Environment for managers here:

https://brainly.com/question/33763623


We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.