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Question
It is difficult to know the exact impact of Lock down due to Corona Virus on Social, Economic, Political, Technological or Legal dimensions of a business organisation. Which feature of business environment is highlighted in the above statement?
Options
Complexity
Inter-relatedness
Dynamic
General and specific forces
MCQ
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Solution
Complexity
Explanation:
Complexity as a feature of the business environment refers to the fact that:
- The business environment is made up of many interconnected and overlapping factors - such as social, economic, political, legal, and technological dimensions.
- It is often difficult to understand or predict the individual and combined impact of these forces.
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