BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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.

Detailed explanation-2: -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.

Detailed explanation-3: -The environment is dynamic in nature. Explanation: The physical and biological environments of an organism interact with each other through transfer of energy and matter. Change in either of the components, biotic or abiotic, causes change in the other. Therefore, the environment is dynamic in nature.

Detailed explanation-4: -Business environment is highly dynamic in nature and keeps on changing. So it is not static or rigid in nature and business environment need to be monitored continuously due to its dynamic nature. Therefore, Static nature is not a feature of business environment.

Detailed explanation-5: -(vi) Management is a dynamic function: Management is a dynamic function and has to adapt itself to the changing environment.