The newly appointed Government of a country has created an atmosphere of uncertainty and fear in the country. As a result of which the price of dry fruits has risen. Which feature and dimension of Business Environment is related to above case?
(A) Complexity and Political Environment
(B) Uncertainty and Social Environment
(C) Inter-relatedness and Political Environment
(D) Uncertainty and Political Environment
Choose the correct answer from the options given below:
(
This question was previously asked in
Shift 07/06/2023 3:30 PM - 6:30 PM
A
(A) and (C) Only
B
(B) and (D) Only
C
(D) Only
D
(C) and (D) Only
Correct Answer
(D) Only
Detailed Explanation
The feature of the business environment shown here is Uncertainty: The actions of the newly appointed government have created fear and unpredictability, leading to changes in market behavior (like price rise).
The dimension of the environment involved is the Political Environment, since the changes stem from government actions and political leadership.
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