BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Analyzing process of change in the business environment involves conceptualizing it as dynamic. Business environment keeps on changing whether in terms of technological improvement, shifts in consumer preferences or entry of new competiion in the market. Was this answer helpful?

Detailed explanation-2: -A dynamic environment is a business environment that is rapidly changing. In a dynamic market, businesses have to adapt quickly to changes and develop new ideas, products and services to keep up with technology and new trends.

Detailed explanation-3: -Dynamic nature: The business environment is dynamic in nature, i.e. it keeps on changing whether in terms of technological improvement, a shift in consumer preferences or entry of new competition in the market.

Detailed explanation-4: -Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly. Was this answer helpful?

Detailed explanation-5: -Business environment is dynamic in nature because it keeps on changing (uncertainty). For example, change in government policies, change in taste and choice of the consumer, change in technology, etc.