Match the statement with their respective features.
| Statements | Features |
| A) Dynamic | I) Easier to understand in parts but difficult to grasp in totality. |
| B) Uncertainty | II) Different political conditions in different nations. |
| C) Complexity | III) Difficult to predict the future events |
| D) Relativity | IV) Technological improvements |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- A-IV, B-III, C-I, D-II.
| Statements | Features |
| A) Dynamic | IV) Technological improvements |
| B) Uncertainty | III) Difficult to predict the future events |
| C) Complexity | I) Easier to understand in parts but difficult to grasp in totality. |
| D) Relativity | II) Different political conditions in different nations. |
* Dynamic refers to a process or system characterized by constant change, activity, or progress.
* Business uncertainty is any event that a business is unable to predict or directly influence which may lead to negative outcomes as a result.
* Business complexity is the condition of having several interdependent and interconnected stakeholders, information technology systems and organizational structures.
* Business environment is a relative concept whose impact differs from country to country, region to region and firm to firm.