The following features of business environment is:
(i) Dynamic : business environment is always changing in nature. this is due to the various types of influences operating in the environment like needs of customers, fashion, technology,etc.
(ii) Multi-faceted : any change occurring in the business environment and viewed differntly by different persons.
(iii) Sum of external forces : business environment is an aggregate of various external factors.
(iv) Uncertainty : In today's world, environment is changing every moment . Thus, with such frequent changes it is difficult to predict the future happenings and non-happening.
(v) Both specific and general forces : business environment consists of both specific and general forces.
(vi) Relativity : busiess environment can be regarded as a relative concept as it change from one region to another from one country to another and even frim one individual to another individual.
-Answered by Jyoti Srivastva On 16 August 2020:12:47:35 PM