Question

3. The growing awareness about
healthcare has led to an increase in
the demand for healthcare products
and services in the country. Identify
the feature of business environment
being described in the above case.
O DYNAMIC NATURE
O UNCERTAINITY
O RELATIVITY
0 INTER
RELATEDNESS​

Answer 1

Answer:

Interrelatedness

Explanation:

Answer 2

Answer:

Option - Inter-relatedness is the correct answer.

Explanation:

• Different types of elements of the business environment are closely interrelated.  
• They are interdependent.
• If there is a change in one element, it affects the other element.
• Economic environment influences the non-economic environment. This in turn affects the economic conditions.
• The forces of such a business environment are interrelated to each other.
• Best example: healthcare products and services in the country.
• The awareness of health consciousness and increased life expectancy of the people has increased the demand for many health care producing services like olive oil, ayurvedic products, etc.

Hence, the business environment that exists between the health care products and the services in the country is interrelatedness.