Question:
‘Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment'. Thus, it is relatively easier to understand the environment in parts but difficult to grasp in its totality. Identify the feature of business environment highlighted above:
‘Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment'. Thus, it is relatively easier to understand the environment in parts but difficult to grasp in its totality. Identify the feature of business environment highlighted above:
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Understanding the complexity of the business environment helps organisations adapt effectively and make informed decisions.
Updated On: Feb 24, 2025
- Uncertainty
- Complexity
- Relativity
- Dynamic Nature
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The Correct Option is B
Solution and Explanation
The feature Complexity highlights the interrelated and dynamic nature of various forces in the business environment, making it difficult to fully comprehend in its entirety. Managers often analyse specific parts to understand the environment better.
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