Question

Which of the following are characteristics of a dynamic business environment?

i. It remains the same over time, regardless of changes in society or technology.
ii. It requires businesses to adapt continuously due to external influences and shifting trends.
iii. It is influenced by factors such as technological advancements and government policy changes.
iv. Organizations can completely control all aspects of their environment.

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

Answer 1

Answer:

A. ii and iii

• Statements ii and iii are correct since a dynamic environment is always changing and requires adaptation. Statement i is incorrect (dynamic means ever-changing), and statement iv is wrong because organizations cannot completely control all aspects, especially external ones.