Question : Identify the feature of business environment highlighted here.
Government has imposed 10% extra tax on the luxury commodities as a result a change in the production of organisation is experienced.
Option 1: Totality of external forces
Option 2: Inter-relatedness
Option 3: Dynamic nature
Option 4: Uncertainty
Correct Answer:
Dynamic nature
Solution :
The business environment is dynamic in nature. It keeps on changing weather in terms of technology improvement or shift in consumer prisoners on entry of new competition in the market.
Hence Option C is correct.