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

If I were to select just one point from the provided options, I would choose:

2. It helps in coping with rapid changes: The use of new technologies like Al is particularly important in helping businesses adapt and cope with the ever-changing business environment. Al can provide real-time data and insights, allowing companies to make quick adjustments to their strategies in response to changes in the market or industry.