Question

Identify the true statements about business environment features:

i. The business environment is unique for every company.
ii. The business environment remains constant over time.
iii. External trends like technological advancement require business adaptation.
iv. Complexity and uncertainty in the environment demand proactive business strategies.

• A. i, iii and iv
• B. i and ii
• C. ii, iii and iv
• D. iii and iv

Answer 1

Answer:

A. i, iii and iv

• The business environment varies by company, changes continuously, and creates complexity requiring proactive management. Statement ii is false because the environment is not constant.