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Mr. Ajay after completeing MBA from USA ...

Mr. Ajay after completeing MBA from USA comes to india to start a new business under the banner Ecom Creations Ltd. He launches a new product in e-learing for senior Secondary School students in commerce stream, which already has an established market in UK and USA but not in India. his business starts flourising in India. Now more indian companies entered into the market with other subject also. Indetify and quote the lines from above para which highlight the significance of understanding business environment.

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(i)The lines After completing Ltd' indicates the following point of significance- it enables the firm to identify opportunities and get the first mover advantage
(ii) The lines 'His business India' indicates the following point of significance- It helps in improving performance
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