BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify the characteristic of Business Environment:The company knows the demand for these products is unpredictable as new designs keep on coming and the industry keeps changing frequently.
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Relativity
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Uncertainity
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Inter-relatedness
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Complexity
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Explanation:
Detailed explanation-1: -Which of the following exhibit characteristics of Business Environment? Answer: A business environment is complex, dynamic, and has a far-reaching impact. Therefore, the correct answer is the option (b) – it is dynamic.
Detailed explanation-2: -Uncertainty: Business environment is uncertain as it is difficult to predict the future environmental changes and their impact with full accuracy.
Detailed explanation-3: -Answer: Interrelatedness. 5. ‘Business environment is related to local conditions’.
There is 1 question to complete.