Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A 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


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.