Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:
Assertion: Proper understanding of various elements of the external environment is necessary to take timely action.
Reasoning: If one would not see and understand the strategies of our competitors and not avail the opportunities for the purpose of improvement then he/ she would not be able to compete in the market.
Options:
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.
Assertion (A) is true but Reasoning (R) is not correct.
Assertion (A) is not true but Reasoning (R) is correct.
Correct Answer:
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
Explanation:
Better performance: Proper understanding of the various elements of the external environment is necessary to take timely action to deal with threats and avail opportunities for the purpose of improvement in the performance of the firm. If one would not see and understand the strategies of our competitors and not avail the opportunities for the purpose of improvement then he/ she would not be able to compete in the market.