Question : Whether the business environment changes in terms of technological improvement or consumer preference it highlights the fact that business environment is _________ in nature.
Option 1: Inter-related
Option 2: Dynamic
Option 3: Complex
Option 4: Relative
Correct Answer: Dynamic
Solution :
Business environment is highly flexible and keeps changing. It is not static or rigid that is why it is essential to monitor and scan the business environment continuously. Therefore, it can be said that the business environment is dynamic in nature and in terms of changes in technological environment improvement or business preference.
Hence, option 2 is the correct answer.
Related Questions
Question :
| 1 |
Business environment includes forces |
A | Business environment is dynamic |
| 2 | There are changes in technological environment, shift in consumer preference or entry of new competition in the market. | B | Business environment is complex |
| 3 | Business environment is a complex phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality. | C | Business environment is relative concept |
| 4 | Business environment differs from country to country and region to region | D | Business studies includes both specific and general studies. |
Option 1: 1-D, 2-A, 3-B, 4-C
Option 2: 1-B, 2-C, 3-A, 4-D
Option 3: 1-C, 2-D, 3-B, 4-A
Option 4: 1-D, 2-B, 3-A, 4-C
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