Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

With the rise in demand for e-novels, companies started developing electronic books instead of printing them physically.'

Which point of importance of the business environment is reflected in the above example?

Options:

Tapping useful resources

Improving performance

Coping with rapid changes

First mover advantage

Correct Answer:

Coping with rapid changes

Explanation:

The point of importance of the business environment reflected in the above example is Coping with rapid changes. The rise in demand for e-novels led to a significant shift in the way companies operate, prompting them to adapt to the changing market trends. The decision to develop electronic books instead of printing them physically demonstrates an ability to cope with the rapid changes in consumer preferences and technology within the business environment.