Which of the following are the features of business environment?
(A) Totality of external forces
(B) Inter-relatedness
(C) Public
(D) Relativity
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (A), (B) and (D) only
(A) Totality of external forces: The business environment refers to the sum total of all external forces—economic, social, political, technological, and legal—that affect a business.
(B) Inter-relatedness: The different elements of the business environment are closely interlinked; a change in one factor (like technology) often affects others (like production or marketing).
(D) Relativity: The business environment is relative, meaning it differs from country to country and region to region. For example, what is favourable for business in one nation may not be so in another.
(C) Public is not a distinct, characteristic feature of the business environmen.