in winters the demand for woolen increases this is an example of which features of environment
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In winters the demand for woollen increases. The above statement is an example of a dynamic business environment.
- A business environment is dynamic meaning it keeps changing.
- Examples of changes in the business environment are - the change of government policies, change in consumer taste and preferences, etc.
- The above statement is an example of a change in consumer taste and preferences. Consumers prefer woollen clothes in winter due to the cold weather conditions whereas in summer they prefer lighter clothes. Thus, the demand for woollen increases in winter.
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