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Business Studies

Importance and Features of Business Environment

Which of the ...

Question

Which of the following is/are NOT features of business environment?
(I) Uncertainty
(II) Relativity
(III) Static Nature
Select the correct answer from the options given below.

A

(I) only

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B

(II) only

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C

(III) only

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D

None of the above

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Solution

The correct option is C (III) only
Static nature is not features of business environment. Business environment is highly dynamic in nature and keeps on changing. So it is not static or rigid in nature and business environment need to be monitored continuously due to its dynamic nature. Therefore, Static nature is not a feature of business environment.

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