Question:4 Krishna Furnishers Martstarted its operations in the year 1954 and emerged
Question:4
Krishna Furnishers Martstarted its operations in the year 1954 and emerged as the market leader in the industry because oftheir original designs and efficiency in operations. They had a steadydemand fortheir products but overthe years, they found their market share declining because of newentrants in the field. The firm decided to review their operations and decided that in orderto meet the competition, they need to study and analyze the market trends and then design and develop their products accordingly. List any two impacts of changes in business environmernt on Krishna Furnishers Mart's operations. (Hint: increase in competition and Market orientation)