Match List – I with List – II.
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List - I |
List - II |
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(A) Dynamic Nature |
(I) Difficult to know the relative impact of the social |
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(B) Inter-relatedness |
(II) Entry of new competitors in the market. |
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(C) Complexity |
(III)New health products have changed people's lifestyles. |
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(D)Relativity |
(IV) Demand for sarees may be fairly high in India, |
Choose the correct answer from the options given below
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
(A) Dynamic Nature — this matches (II) Entry of new competitors in the market. The environment keeps on changing. New technology, new tastes of consumers and new competitors keep coming in.
(B) Inter-relatedness — this matches (III) New health products have changed people’s lifestyles. The parts of the environment are linked. Health awareness raised the demand for health products, and these products in turn changed the way people live.
(C) Complexity — this matches (I) Difficult to know the relative impact of the social environment on changes in demand for a product. Many forces act together. So it is hard to say how much of a change comes from one force alone.
(D) Relativity — this matches (IV) Demand for sarees may be fairly high in India, whereas it may be almost non-existent in France. The environment differs from country to country and even from region to region.
NCERT (2026-27 Edition): “Inter-relatedness: Different elements or parts of business environment are closely inter-related. For example, increased life expectancy of people and increased awareness for health care have increased the demand for many health products and services like soft drinks, fat-free cooking oil, and health resorts. New health products and services have, in turn, changed people’s life styles.” “Dynamic nature: Business environment is dynamic in that it keeps on changing whether in terms of technological improvement, shifts in consumer preferences or entry of new competition in the market.” “Complexity: Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment. In other words, environment is a complex phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality. For example, it may be difficult to know the extent of the relative impact of the social, economic, political, technological or legal factors on change in demand of a product in the market.” “Relativity: Business environment is a relative concept since it differs from country to country and even region to region. Political conditions in the USA, for instance, differ from those in China or Pakistan. Similarly, demand for sarees may be fairly high in India whereas it may be almost non-existent in France.” |