Business Environment can’t be characterised in terms of:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Certainty
Option (1) Certainty — Not a feature of business environment (Correct). The environment is marked by uncertainty, the opposite. It keeps changing, and no one can predict future events such as a change in technology or fashion with full accuracy.
Option (2) Complexity — A feature of business environment (Incorrect). It is made up of many forces, economic, social, political, legal and technological, that act on one another. This makes it hard to understand as a whole.
Option (3) Relativity — A feature of business environment (Incorrect). Its effect differs from place to place and country to country. A product in demand in one country may not sell in another.
Option (4) Inter-relatedness — A feature of business environment (Incorrect). Its different parts are closely linked. A change in government policy, for example, can change both the economic and the social climate.
NCERT (2026-27 Edition): “Meaning of Business Environment … On the basis of the foregoing discussion, it can be said business environment, has the following features:” “(iii) Inter-relatedness: Different elements or parts of business environment are closely interrelated. …” “(v) Uncertainty: Business environment is largely uncertain as it is very difficult to predict future happenings, especially when environment changes are taking place too frequently as in the case of information technology or fashion industries.” “Complexity: Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment. …” “(vii) Relativity: Business environment is a relative concept since it differs from country to country and even region to region. …” |