Which of the following is a characteristic of a dynamic business environment?
Practice Questions
1 question
Q1
Which of the following is a characteristic of a dynamic business environment?
Stability
Predictability
Rapid changes
Uniformity
A dynamic business environment is characterized by rapid changes that can affect business operations and strategies.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following is a characteristic of a dynamic business environment?
Solution: A dynamic business environment is characterized by rapid changes that can affect business operations and strategies.
Steps: 3
Step 1: Understand what a dynamic business environment means. It refers to a business setting that is constantly changing.
Step 2: Identify the key feature of this environment, which is rapid changes. These changes can be in technology, market trends, customer preferences, or regulations.
Step 3: Recognize that these rapid changes can impact how businesses operate and the strategies they use to succeed.
