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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Complexity questions emphasize "interrelated factors" and "difficulty in total comprehension". Uncertainty focuses on unpredictability.
Updated On: Jun 21, 2025
- Uncertainty
- Complexity
- Relativity
- Dynamic nature
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The Correct Option is B
Solution and Explanation
The description matches Complexity because:
1. Multidimensional Nature: - "Numerous interrelated conditions" - Example: PESTEL factors affecting simultaneously
2. Analytical Challenge: - "Easier to understand in parts" - Requires decomposition (SWOT, Porter's Five Forces)
3. Key Indicators: - Multiple stakeholders - Interconnected variables - Non-linear relationships
Why not others: - (A) Uncertainty: About unpredictability, not interconnectedness - (C) Relativity: Context-specific nature not discussed - (D) Dynamic: Change speed not emphasized
Final Answer: (B) Complexity
1. Multidimensional Nature: - "Numerous interrelated conditions" - Example: PESTEL factors affecting simultaneously
2. Analytical Challenge: - "Easier to understand in parts" - Requires decomposition (SWOT, Porter's Five Forces)
3. Key Indicators: - Multiple stakeholders - Interconnected variables - Non-linear relationships
Why not others: - (A) Uncertainty: About unpredictability, not interconnectedness - (C) Relativity: Context-specific nature not discussed - (D) Dynamic: Change speed not emphasized
Final Answer: (B) Complexity
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