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
✅ Correct Option: 3
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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