1
Question
Business environment is -
(I) Dynamic in nature
(II) Largely uncertain
Select the correct answer from the options given below.
Business environment is -
(I) Dynamic in nature
(II) Largely uncertain
Select the correct answer from the options given below.
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Solution
The correct option is C Both (I) and (II)
Business environment refers to the forces, factors and
institutions with which the businessman has to deal with in order to achieve
its objectives. It has the following features:
1. Dynamic in nature: Business environment is highly flexible and keeps on changing. So it is not static or rigid in nature and it need to be monitored continuously due to its dynamic nature.
2. Largely uncertain: As business environment change very fast and continuously, it is very difficult to predict the changes of business environment. Therefore, it is highly uncertain.
Business environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. It has the following features:
1. Dynamic in nature: Business environment is highly flexible and keeps on changing. So it is not static or rigid in nature and it need to be monitored continuously due to its dynamic nature.
2. Largely uncertain: As business environment change very fast and continuously, it is very difficult to predict the changes of business environment. Therefore, it is highly uncertain.
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