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Nothing can be said with any amount of certainty about factors of business environment? Why?

Posted by Shivam Sharma 8 years, 9 months ago

CBSE > Class 12 > Business Studies

1 answers

Naveen Sharma 8 years, 9 months ago

Ans. One of chief characteristics of the business environment is Uncertainty. It means nothing can be said with any amount of certainty about the factors of the business environment because they continue to change quickly.

The professional people who determine the business strategy take into consideration the likely changes beforehand. But this is a risky job.

For example, technical changes are very rapid. Nobody can anticipate the possibility of these swift technical changes. Anything can happen, anytime. The same is the situation of fashion.

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