Q3. "A shift of preference from fried snacks to roasted snacks has been welcomed as an opportunity by the roasted snacks company, while fried snacks company takes it as a threat." Which features of business environment is being highlighted?
(a) Dynamic nature (b) Complexity
(c) Uncertainty (d) Relativity
Answers
Answer:
otp me main D answers is always true
Answer : (d) Relativity
A shift of preference from fried snacks to roasted snacks has been welcomed as an opportunity by the roasted snacks company, while fried snacks companies take it as a threat." Relativity features of the business environment are being highlighted .
Explanation :
Yes, that is correct. The statement you provided highlights the relativity of the business environment, which refers to the fact that the way companies respond to changes in the market can vary depending on their specific circumstances. In this case, the shift in consumer preference from fried snacks to roasted snacks represents a change in the business environment that affects both the fried snacks company and the roasted snacks company. However, the two companies have different perspectives on this change: the roasted snacks company sees it as an opportunity, while the fried snacks company sees it as a threat. This difference in perspective reflects the relativity of the business environment, as the companies are responding to the same change in the market in different ways based on their own unique characteristics and circumstances. Other features of the business environment that may also be relevant in this situation include the dynamic nature of the market (since consumer preferences are constantly changing), the complexity of the market (due to the many different factors that can influence consumer behavior), and the uncertainty of the market (since it is difficult to predict how the market will evolve over time).
In the context of the business environment, relativity refers to the fact that the way companies respond to changes in the market can vary depending on their specific circumstances. For example, a change in consumer preferences that is seen as an opportunity by one company may be seen as a threat by another company, depending on the products and services each company offers and the resources they have available to adapt to the change. In general, the business environment is complex and constantly changing, and companies must be able to adapt to these changes in order to remain competitive. Understanding the relativity of the business environment can help companies anticipate and respond to changes in a way that is aligned with their strengths and resources.
To know more about the concept please go through the links :
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