Question
Business Studies Question on Business Environment
”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.
A
Complexity
B
Relativity
C
Uncertainty
D
Inter-Relatedness
Answer
Uncertainty
Explanation
Solution
The statement reflects the uncertainty feature of the business environment, as the impact of various external factors on demand is difficult to predict.