Answer to Question #147764 in Financial Math for rk

Question

1. When you are expanding your organization in a new geography, what are the kinds of environmental assessments that is recommended?

Answer 1

Business environment assessment is recommendable. Success of a firm is determined by the environment in which it exists. Such environment can be divided into two categories namely external and internal. Environmental scanning and appraisal helps in understanding the requirements to enter the market, availability of resources, customer availability and competition levels.