Many companies are making use of new technologies like AI (Artificial Intelligence) to increase effectiveness and efficiency of their business.

Which of the following points regarding Importance of Business Environment does this statement reflect?

It helps in coping with rapid changes

The correct answer is option (2)- It helps in coping with rapid changes.

The given statement reflects "It helps in coping with rapid changes."

The use of new technologies like AI by companies to increase effectiveness and efficiency is an example of how businesses adapt to the rapidly changing technological landscape. This helps them stay competitive and responsive to market shifts, which is crucial in coping with the fast-paced changes in the business environment.