Environment of modern business is more complex and ……...
Options are:
a. complicated
b. assumption
c. unpredicted
d. flexible
Answers
Answer:
Business environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. It has the following features:
1. Dynamic in nature: Business environment is highly flexible and keeps on changing. So it is not static or rigid in nature and it need to be monitored continuously due to its dynamic nature.
2. Largely uncertain: As business environment change very fast and continuously, it is very difficult to predict the changes of business environment. Therefore, it is highly uncertain.
The environment of modern business is more complex and unpredictable.
Modern business means trendy business contemplations which have changed the location of the business world and its strategies for driving errands. For example, online shops or web business firms like Flipkart have changed the strategy for trade or retail bargains in India. The essential nature of current business is it has become virtual. You don't need to place assets into buying or renting a spot and showing your product on the racks. Subsequently, you save a colossal overheads cost.