'Business environment differs from country to country and even region to region.' Which feature of business environment is highlighted here?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Relativity
Option (1) Complexity — Incorrect. Complexity means the environment has many parts that are hard to understand. It is not about differences between places.
Option (2) Uncertainty — Incorrect. Uncertainty means the future changes cannot be predicted. It is not about differences between places.
Option (3) Relativity — Correct. Business environment is a relative concept because it differs from country to country and even region to region.
Option (4) Dynamic nature — Incorrect. Dynamic nature means the environment keeps changing with time. The statement is about places, not time.
NCERT (2026-27 Edition): “(vii) 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.” |