Environment scanning:
(i) It helps the firms to identify threats which may affect the business.
(ii) Thus measures can be taken by the firm to overcome the threats.
Public image:
Environmental analysis helps a business to enhance its image by being sensitive and quickly responding to the changing environment and needs of people.

There are 3 taxes applicable under this system.
(i) CGST : Collected by the Central Government on an intra-state sale (Eg : transaction happening in TamilNadu)
(ii) SGST Collected by the State Government on an intra-state sale (Eg : transaction happening within TamilNadu)
(iii) IGST : Collected by the Central Government for inter-state sale (Eg : Punjab to Tamil Nadu)

(i) The future environment of business in this age of rapid technological advancement has been captured.
(ii) It is now important for every business to meet the challenges.
(iii) The uncertain conditions and situations requires a firm to be prepared to face the volatility by planning.
(iv) VUCA environment a firm has to be forward-looking anticipating the change, adaptability will remain essential for the success of any business in an ambiguous, uncertain environment.

(i) A business in order to remain successful and competitive has to adapt to the constantly changing environment.
(ii) The formulation of strategic decisions, policies and programs requires an understanding of the environmental factors impacting the business.
(iii) Therefore scanning of the environment for identifying threats and opportunities is essential for any business.