Many kind of external devices, like compact discs (CD’s) for computer, have become obsolete. Google, with its Google Drive service, Apple with its iCloud offering, enables the users store documents, photos, music and movies on web-based servers.

Identify the feature of business environment being described in the above lines.

Dynamic nature

The feature of the business environment being described in the above lines is the dynamic nature. The external devices like compact discs becoming obsolete and the shift towards cloud-based storage services from Google and Apple indicates a dynamic and evolving technological landscape. This reflects changes in consumer preferences and advancements in technology, highlighting the dynamic nature of the business environment.