BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interrelatedness
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Dynamic
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Complexity
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Relativity
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Detailed explanation-1: -Uncertainty: Business environment is uncertain as it is difficult to predict the future environmental changes and their impact with full accuracy.
Detailed explanation-2: -Features of Business Environment Specific forces include investors, customers, competitors, and suppliers. These factors affect individual enterprises directly and immediately in their day-to-day working. General forces include social, political, legal, and technological conditions.
Detailed explanation-3: -(b) Uncertainty Business environment is uncertain as it is difficult to predict future happenings when environment changes are taking place frequently. Was this answer helpful?
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.