Match List-I with List-II
List-I List-II Features of business environment Description (A) Uncertainty (I) The business environment keeps on changing, whether in terms of technological improvement or shifts in consumer preferences. (B) Complexity (II) The business environment is very difficult to predict. (C) Dynamic Nature (III) It is difficult to comprehend at once what exactly constitutes a given business environment. (D) Inter-relatedness (IV) Increased life expectancy of people and increased awareness for health care have increased the demand for many health products.
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| Features of business environment | Description |
| (A) Uncertainty | (I) The business environment keeps on changing, whether in terms of technological improvement or shifts in consumer preferences. |
| (B) Complexity | (II) The business environment is very difficult to predict. |
| (C) Dynamic Nature | (III) It is difficult to comprehend at once what exactly constitutes a given business environment. |
| (D) Inter-relatedness | (IV) Increased life expectancy of people and increased awareness for health care have increased the demand for many health products. |
Choose the correct answer from the options given below:
Solution
Option 1 -> (A)-(IV), (B)-(II), (C)-(I), (D)-(III): Incorrectly matches Uncertainty with the inter-relatedness example about health products, which doesn't represent unpredictability.
Option 2 -> (A)-(I), (B)-(II), (C)-(III), (D)-(IV): Incorrectly matches Uncertainty with dynamic nature description and Complexity with the prediction difficulty, reversing their actual meanings.
Option 3 -> (A)-(II), (B)-(III), (C)-(I), (D)-(IV): Correctly matches Uncertainty with difficulty to predict, Complexity with difficulty to comprehend, Dynamic Nature with continuous changes, and Inter-relatedness with the connected example of health awareness affecting product demand.
Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II): Incorrectly matches Uncertainty with complexity description and Complexity with the health products example, which is illogical.
Hence, Option 3: (A) - (II), (B) - (III), (C) - (I), (D) - (IV) -> Uncertainty means unpredictability (II), Complexity refers to difficulty in comprehending multiple factors (III), Dynamic Nature indicates constant changes in technology and preferences (I), and Inter-relatedness is exemplified by how demographic factors affect market demand (IV) -> correct
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