Question

Which of the following is nature of the business environment?
(i) Multifaceted
(ii) Uncertain
(iii) Dynamic
Select the correct answer from the options given below.

• A. (i) & (ii)
• B. (ii) & (iii)
• C. (i) & (iii)
• D. (i), (ii) & (iii)

Answer 1

The correct option is D (i), (ii) & (iii)

Business environment can be defined as the forces and institutions with which the businessman has to deal with to achieve its objectives. In general words, business environment is the surroundings in which the business exists. Nature of the business environment are: (i) Multifaceted
(ii) Uncertain
(iii) Dynamic.