The major factor increasing the complexity of the environment is the:
A)addition of competitors.
B)globalization of markets.
C)increased of barriers to entry.
D)reduced number of suppliers.

Question

Quizplus · Accepted Answer

Globalization of markets has led to an increase in the complexity of the environment as organizations are required to operate in diverse cultural, legal, political, and economic landscapes, which makes it difficult for them to anticipate and respond to changes. Additionally, organizations that expand into global markets face increased competition, varied customer needs, and enhanced regulatory requirements. The other options, such as the addition of competitors, reduction in suppliers, and the increase in barriers to entry, can also contribute to complexity, but they are not as significant as the impact of globalization of markets.

The Major Factor Increasing the Complexity of the Environment Is