Question

Increased life expectancy of people and increased awareness for healthcare have increased the demand for many health products and services like diet Coke, fat-free cooking oil, and health resorts. New health products and services have, in turn, changed people's lifestyles. Identify the feature of business environment highlighted in the above para:

विकल्प

• Uncertainty

• Inter-relatedness

• Dynamic

• Relativity

Answer 1

Inter-relatedness

Explanation:

Inter-relatedness as a feature of the business environment means that different components or dimensions of the environment are closely connected and influence one another.

In the given case:

• Social changes such as increased life expectancy and awareness about health have led to:
  • Economic opportunities (rise in demand for health products/services)
  • Lifestyle changes (shift toward health-conscious living)
• This shows how social, economic, and business trends are interlinked.