Question

Which of the following is the feature of Business Environment?

Options

• It is a relative concept since it differs from country to country and even region to region.

• It enables the firm to identify opportunities and getting the first mover advantage.

• It helps in tapping useful resources.

• All of the above

Answer 1

It is a relative concept since it differs from country to country and even region to region.

Explanation -

Business environment is a relative concept whose impact differs from country to country, region to region and firm to firm. Politic.at conditions in the USA for instance, differ from those in China or Pakistan. Similarly, demand for sarees may be fairly high in India whereas it may be almost non-existent in France.