BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
“One of the features of business environment states that something which is new today, may become outdated or obsolete after sometime.” identify the feature.
A
Interrelatedness
B
Dynamic
C
Complexity
D
Relativity
Explanation: 

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.

There is 1 question to complete.