Question:
”It may be difficult to know the extent of the relative impact of the social, economic, political, technical or legal factors on change in demand of a product in the market.” Identify the feature of Business Environment from the given statement.
”It may be difficult to know the extent of the relative impact of the social, economic, political, technical or legal factors on change in demand of a product in the market.” Identify the feature of Business Environment from the given statement.
Updated On: Nov 2, 2024
- Complexity
- Relativity
- Uncertainty
- Inter-Relatedness
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The Correct Option is C
Solution and Explanation
The statement reflects the uncertainty feature of the business environment, as the impact of various external factors on demand is difficult to predict.
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