Question

Assertion (A): Turbulent market conditions, less brand loyalty, division and sub-division of markets are just a few images to describe business environment.

Reason (R): Business environment is dynamic in nature where changes are taking place at a slow pace.

Options

• Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A).

• Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A).

• Assertion (A) is True but Reason (R) is False.

• Assertion (A) is False but Reason (R) is True.

Answer 1

Assertion (A) is True but Reason (R) is False.

Explanation:

Assertion (A): True

• The statement correctly describes the features of business environment such as:
• Turbulent market conditions
• Less brand loyalty
• Division and sub-division of markets
• These are indeed real challenges faced in today’s business environment.

Reason (R): False

• The business environment is dynamic, but changes do not always occur at a slow pace.
• In reality, changes can be rapid and unpredictable, especially with technological advancement, policy shifts, and global market trends.