Read the following passage and answer the question. The governments all over the world are becoming more and more cautious towards the environment. To ensure it, many state governments passed an order to ban polythene bags since these are non-biodegradable. As a result, the government also decided to give a subsidy to jute industry (bags). The minister said in the statement that they believe it will be helpful as incomes of people are rising and people can afford jute bag. After this subsidy, Pooja saw great potential in jute multi-pocket bags business which was not established yet in India but had been flourishing in USA where she studied during her post graduation. She launched the product in India and her business started to boom. So, more companies entered into the market with other articles and improvisations in the country. |
Which merit of business environment is highlighted in the given lines? "After this subsidy, Pooja saw great potential in jute multi-pocket bags business which was not established yet in India but had been flourishing in USA where she studied during her post graduation. She launched the product in India and her business started to boom." |
Identify opportunities Tapping useful resources Coping with rapid changes Assisting in planning |
Identify opportunities |
The correct answer is option 1- Identify opportunities. The merit of the business environment highlighted in the given lines is "Identify opportunities." The passage shows how Pooja recognized a business opportunity in the jute multi-pocket bags sector, which was underdeveloped in India but had already proven successful in the USA. This reflects how a favorable business environment can lead to identifying and seizing new opportunities.It also lead to the growth and innovation in the economy. |