Write an article to the commerce magazine of your school on "The importance of studying business environment." please help me with this asap
i will mark the brainliest to the first answer

Explanation:

Importance of the Study of Business Environment:

A study of business environment is highly significant for business management for the following reasons:

(i) To Ensure Smooth Functioning of Business Cycle:

Smooth functioning of business cycle depends on availability of inputs and disposal of output.

Business enterprises obtain inputs like raw-materials, machines, technology, manpower etc. from the society (which is part of business environment); and dispose of output i.e. finished goods to society.

Hence, business managements must study business environmental factors so as to be aware of changes in input supplies, changes in social factors like consumer behaviour, state of competition in industry etc. to ensure smooth functioning of their business cycles.

A study of business environment is essential to take full advantage of opportunities for gain hidden in the business environment.

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answer; i believe that the correct answer is (supply chain);

answer; risk transference;