By studying its environment, a business can improve its ____________________

Both 2 and 3

The correct answer is option 4- Both 2 and 3.

By studying its environment, a business can improve its present and future.

Many studies reveal that the future of an enterprise is closely bound up with what is happening in the environment. And, the enterprises that continuously monitor their environment and adopt suitable business practices are the ones which not only improve their present performance but also continue to succeed in the market for a longer period.