"Business environment is dynamic". Comment by mentioning these examples.
"Business environment is dynamic". Comment by mentioning these examples.
It is right to say that business environment is dynamic as every day new changes are taking place in that business environment. These changes are so fast and effective that the companies, which are able to scan them or recognise them on time, only survive in the market.
Example:
(i) Rapidly changing technology has affected the business world. Large number of new products are being introduced in market such as refrigerator with bio fresh technology or door cooling technology. etc.
(ii) The spread of literacy and public consciousness has contributed in rousing the aspirations of people and today companies give priority to customer's preference and demands.
(iii) With new legislation and policies of deregulation of industries, there is increase in the foreign direct investment in capital market.
It is right to say that business environment is dynamic as every day new changes are taking place in that business environment. These changes are so fast and effective that the companies, which are able to scan them or recognise them on time, only survive in the market.
Example:
(i) Rapidly changing technology has affected the business world. Large number of new products are being introduced in market such as refrigerator with bio fresh technology or door cooling technology. etc.
(ii) The spread of literacy and public consciousness has contributed in rousing the aspirations of people and today companies give priority to customer's preference and demands.
(iii) With new legislation and policies of deregulation of industries, there is increase in the foreign direct investment in capital market.
