BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The growing awareness about healthcare has led to an increase in the demand for healthcare products and services in the country. Identify the feature of business environment being described in the above case.
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Dynamic nature
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Uncertainty
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Relativity
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Interrelatedness
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Explanation:
Detailed explanation-1: -Answer: Option-Inter-relatedness is the correct answer. Explanation: Different types of elements of the business environment are closely interrelated.
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’.
Detailed explanation-4: -All illegal activities do not come under the dimensions of a business environment.
There is 1 question to complete.