CUET Business StudiesBusiness Studies > MediumInter-relatedExternal forcesMarket orientation and productRelativity✅ Correct Option: 3Related questions:29 May Shift 2Identify the component of social environment from the following:22 May Shift 1Match List-I with List-II List-IFeatures of business environmentList-IIApplications(A) Dynamic nature(I) Difficult to know the relative impact of the social environment on changes in demand for a product.(B) Inter-relatedness(II) Entry of new competitors in the market.(C) Complexity(III) New health products have changed people's lifestyles.(D) Relativity(IV) Demand for sarees may be fairly high in India, whereas it may be almost non-existent in France. Choose the correct answer from the options given below:30 May Shift 1In the context of the above given case, identify one valid importance of the business environment.