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Explain dymanic nature and uncertainty as …

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Explain dymanic nature and uncertainty as feature of business environment

    • Posted by Raj Gudur 5 years, 8 months ago

    CBSE > Class 12 > Business Studies
    • 1 answers

    Gaurav Seth 5 years, 8 months ago

    Features of Business Environment:

    1. Dynamic nature: Business environment is dynamic as it keeps on changing in term of technological improvement, change in fashion and taste, entry of new competitors in the market, etc.
    2. Uncertainty: Business environment is uncertain as it is very difficult to predict future happenings, especially when environment changes are taking place too frequently e.g. in case of IT and fashion industries.

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