Question

Statement- I: Business Environment is dynamic as it differs from country to country. Statement II: Business Environment is largely uncertain as it is very difficult to predict future happenings. Choose the correct option from the following:

• A. Statement I is true and Statement II is false.
• B. Statement II is true and Statement I is false.
• C. Both the statements are true.
• D. Both the statements are false.

Hint:

The business environment is dynamic and uncertain, requiring businesses to be adaptive and proactive in their planning.

Answer 1

The Correct Option is B

Statement I: The business environment is dynamic due to evolving political, economic, social, and technological factors. Despite these changes, its core characteristics are uniform globally, thus this statement is false. Statement II: The business environment is characterized by uncertainty arising from unpredictable external changes, such as economic fluctuations and political policy shifts. This renders the statement true.