BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Dynamic nature of business environment suggests that it is pervasive. Ans. False; dynamic nature of business environment suggests that it keeps on changing.

Detailed explanation-2: -(iv) Dynamic nature: Business environment is dynamic in that it keeps on changing whether in terms of technological imp-rovement, shifts in consumer preferences or entry of new competition in the market.

Detailed explanation-3: -Businesses are dynamic, meaning they constantly adapt to respond to consumers’ wants and needs. Entrepreneurs spot gaps in the market and develop new ideas for products and services. Enterprise and entrepreneurship.

Detailed explanation-4: -Business Environment is the sum total of all the internal and external factors that creates an impact on the business.

Detailed explanation-5: -Answer: Dynamic nature Business environment is dynamic as it keeps on changing. It is not static and its components are highly flexible, e.g. technological improvements, increase in competition, etc.