Question : Which of the following does not characterise the business environment?
Option 1: Inter-related
Option 2: Market orientation and product
Option 3: External forces
Option 4: Relativity
Answer (1)
20th Jan, 2024
Correct Answer: Market orientation and product
Solution :
Characteristics of the business environment are:
1. Totality of external forces
2. Specific and general forces
3. Interrelatedness
4. Uncertainty
5. Dynamic nature
6. Relativity
7. Complexity.
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