Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Rajat is running a catering business. He provides catering services for marriages. He was informed by a priest of the temple that for the next 45 days there are no marriages as the dates are not auspicious for marriage. But after that, for 10 days there will be many marriages due to a good Omen. Hearing this, Rajat started collecting raw material such as rice, sugar, flour, spices etc., as the price of these resources are low due to low demand at present.

Identify the importance of business environment given in the above para.


Options:

Helps in coping with rapid changes

Helps to identify threats and early warning signals

Helps in tapping useful resources

Helps in improving performance

Correct Answer:

Helps in improving performance

Explanation:

The correct answer is option (4) : Helps in improving performance