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.
Question : Increase in the demand for many healthly products and services and increase in the awareness for health care bring to light the fact that elements of business environment are __________.
Question : Since business environment consists of numerous inter-related and dynamic conditions or forces which arise from different sources, it become more _____________.
Option 1: Complex
Option 3: Inter-related
Question : Which of the following is not a feature of business environment?
Option 1: Rigid
Option 3: Relative
Option 4: Inter-related
Question : 'Nothing can be said with certainty about the factor of business environment'. Why?
Option 1: Because business environment is simple
Option 2: Because business environment is dynamic
Option 3: Because business environment is certain
Option 4: Because business environment is inter-related
Question :
Business environment includes forces such as investors, suppliers, legal aspects, technological conditions.
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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