Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which one of the following is a feature of business environment?

Options:

Uncertainty

Interdependence

Complexity

All of the above

Correct Answer:

All of the above

Explanation:

The term business environment means the totality of all individuals, institutions and other forces that are outside a business but that potentially affect its performance. Business environment can be characterised in terms of
(a) totality of external forces
(b) specific and general forces
(c) inter-relatedness
(d) dynamic nature
(e) uncertainty
(f) complexity
(g) relativity