AMPM is a reputed wristwatch company. Foreseeing the changing trend, the management of the company decided to manufacture smartwatches. This feature of management suggests that:

Management is a dynamic function

The correct answer is option 3- Management is a dynamic function.

Management is a dynamic function is suggested in the given lines.

The term "dynamic function" refers to the ability of management to adapt to changes in the business environment such as new technology, customer preferences, market trends, etc. In this case, AMPM is adapting to changing trends by shifting from traditional wristwatches to smartwatches, which shows flexibility and responsiveness to change.