Question:
Statement- I: Business Environment is dynamic as it differs from country to country. Statement II: Business Environment is largely uncertain as it is very difficult to predict future happenings. Choose the correct option from the following:
Statement- I: Business Environment is dynamic as it differs from country to country. Statement II: Business Environment is largely uncertain as it is very difficult to predict future happenings. Choose the correct option from the following:
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The business environment is dynamic and uncertain, requiring businesses to be adaptive and proactive in their planning.
Updated On: Feb 21, 2025
- Statement I is true and Statement II is false.
- Statement II is true and Statement I is false.
- Both the statements are true.
- Both the statements are false.
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The Correct Option is B
Solution and Explanation
Statement I: The business environment is dynamic due to the constantly changing political, economic, social, and technological factors. However, its characteristics remain consistent across countries, making this statement false. Statement II: The business environment is uncertain because external changes like economic shifts or political decisions are often unpredictable. This makes the statement true.
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