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___ nature of business environment suggests that environment keeps on changing.
Dynamic
Pervasive
Continuous
Multidimensional
- Dynamic: This term refers to the constantly evolving and changing nature of the business environment. Factors such as technological advancements, consumer preferences, and regulatory changes contribute to this dynamic characteristic.
- Pervasive: Implies that the business environment influences every aspect of a business. It highlights how external factors impact operations, strategy, and decision-making.
- Continuous: Indicates ongoing activity without interruption. In business, this means that changes and influences are a constant process rather than sporadic events.
- Multidimensional: Highlights the complex and varied factors involved in the business environment. These include economic, legal, technological, and cultural dimensions.
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