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12th Class Business Studies Business Environment Question Bank MCQs - Business Environment

  • question_answer
    As a foreign tourist visited India, he noticed that Indian markets, tastes, trends and regulations were different from that of his country. Which feature of business environment is reflected here?

    A) Uncertainty

    B) Dynamic

    C) Relative concept

    D) All of the above

    Correct Answer: C

    Solution :

    Business environment is a relative concept as it differs from country to country and region to region. e.g. Demand for sarees is quite high in India but in foreign countries, it has no existence.


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