Answered

Discover how IDNLearn.com can help you find the answers you need quickly and easily. Join our knowledgeable community and access a wealth of reliable answers to your most pressing questions.

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

Sagot :

GinnyAnsweridn

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 value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.