Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

SwarnaBhoomi is a resort in the outskirts of Delhi at Delhi-Gurgoan Express way. The unique feature of this resort was being a gadget free zone where families enjoy their time together. However, recently the visitors have been requesting for wifi, pet care facilities and room pantry. The manager sensing the shift in consumer preference upgraded these facilities by providing:

(a) Free Wi-fi zone

(b)A creche for pets

(c) A cook-top with essentials for cooking in selected villas and rooms

The above case highlights that:

Options:

Business environment is complete in nature

Business environment is a relative concept

Business environment is dynamic in nature

Different elements of Business environment are closely interrelated

Correct Answer:

Business environment is dynamic in nature

Explanation:

The case suggests that the business environment is dynamic in nature. The manager of SwarnaBhoomi noticed a shift in consumer preferences, and in response to the changing demands, they upgraded the facilities by providing free Wi-fi, a creche for pets, and a cook-top with essentials for cooking. This reflects the adaptability of the business to the evolving needs of its customers, indicating that the business environment is not static but rather dynamic and responsive to changes.