'The Punjabi women prefer suits while Bengali women mostly prefer sarees'. Identify the feature of business environment discussed in this statement.

The business environment is a relative concept

The correct answer is option 2- The business environment is a relative concept. 

The business environment is a relative concept. The statement highlights that consumer preferences differ by region or culture — Punjabi women prefer suits, while Bengali women mostly prefer sarees. This shows that the business environment varies from place to place, person to person, and culture to culture, which is exactly what is meant by it being a relative concept.