Match the LIST-I with LIST-II
LIST-I (Features of Business Environment) LIST-II (Description) A. Totality of external forces I. Shifts in consumer preferences or entry of new competition in the market B. Complexity II. It consists of numerous interrelated and dynamic conditions or forces which arise from different sources. C. Uncertainty III. It is the sum total of all things external to business firms and, as such, is aggregative in nature. D. Dynamic nature IV. Difficult to predict when environmental changes are taking place too frequently
Choose the correct answer from the options given below:
Match the LIST-I with LIST-II
| LIST-I (Features of Business Environment) | LIST-II (Description) |
|---|---|
| A. Totality of external forces | I. Shifts in consumer preferences or entry of new competition in the market |
| B. Complexity | II. It consists of numerous interrelated and dynamic conditions or forces which arise from different sources. |
| C. Uncertainty | III. It is the sum total of all things external to business firms and, as such, is aggregative in nature. |
| D. Dynamic nature | IV. Difficult to predict when environmental changes are taking place too frequently |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
Totality of external forces means the environment is the aggregative sum of everything external to the firm (III). Complexity refers to numerous interrelated conditions from different sources (II). Uncertainty means it is difficult to predict frequent changes (IV). Dynamic nature is shown by shifts in consumer preferences or new competition (I). Hence A-III, B-II, C-IV, D-I.
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