Maruti Udyog became the leader in the small car market because it was the first to recognise the need for small cars in an environment of rising petroleum prices and large middle class population in India.
Identify the importance of Business environment in the given case study.

This question was previously asked in

Shift 16/06/2023 3:30 PM - 6:30 PM

Attempt Online

Tapping useful resources

Coping with rapid changes

Identify opportunities and getting first mover advantage

Assisting in planning and policy formulation

Correct Answer

Identify opportunities and getting first mover advantage

Detailed Explanation

The importance of the business environment in the given case study is 3. Identify opportunities and getting first-mover advantage. Maruti Udyog recognized the need for small cars in the context of rising petroleum prices and a large middle-class population in India. This indicates that they identified an opportunity in the business environment and gained a first-mover advantage by addressing that need before others in the market.

Get Dubuddy App

Practice on the go with our mobile app

Kapil got promoted from the position of Assistant Manager to Senior Manager. He got new cabin, reserved parking for his car and a personal assistant according to his new designation. These perks will satisfy his which needs:

Motivation process is based on human needs, which begins from an unsatisfied need, followed by:
A. Drives
B. Search behaviour
C. Satisfied need
D. Tension
E. Reduction of tension
Choose the correct answer from the options given below:

Cash flow position of a concern affects the following concepts of financial management.
A. Capital Budgeting Decision
B. Capital Structure
C. Fixed Capital Requirement
D. Financing Decision E. Dividend Decision
Choose the correct answer from the options given below:

Identify the characteristic of management according to which management includes management of work, management of people and management of operations.

Test Series

CUET Subjects

Your CUET Journey Starts with DuBuddy

CUET ki Practice Means DuBuddy Pe Practice

Maruti Udyog became the leader in the small car market because it was the first to recognise the need for small cars in an environment of rising petroleum prices and large middle class population in India. Identify the importance of Business environment in the given case study.