Practicing Success
Answer question based on following case study. Mr. Rajan wants to start a new business. Before starting new business he made an analysis and found various external and uncontrollable forces which affect individual enterprise directly and indirectly. Because these forces keep on changing, it is difficult to predict future happenings. Some examples of these forces are growth rate of GDP, consumption habits, expansion of communication facilities etc. |
Which feature has been indicated for the identified concept in the phrase 'These forces keep on Changing'? |
Complexity Dynamic Inter-relatedness Relativity |
Dynamic |
The correct answer is Option (2) - Dynamic The feature indicated for the identified concept in the phrase "These forces keep on Changing" is Dynamic. 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. |