The advantage of understanding the environment before you open a business is that business environment allows companies to analyze the strategies and behaviors of their competitors. In addition, you can create your own strategy accordingly. Understanding the importance of the business environment and investing resources to analyze it thoroughly can be an important step in the success of any business.
The understanding of its business environment helps an organization to make realistic plans and ensure their effective implementation. It also helps the business enterprise in identification of opportunities and threats.
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Answer:
The advantage of understanding the environment before you open a business is that business environment allows companies to analyze the strategies and behaviors of their competitors. In addition, you can create your own strategy accordingly. Understanding the importance of the business environment and investing resources to analyze it thoroughly can be an important step in the success of any business.
Answer:
The understanding of its business environment helps an organization to make realistic plans and ensure their effective implementation. It also helps the business enterprise in identification of opportunities and threats.
Explanation:
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