Which of the following describes a dynamic environment?
A) Sales vary with the seasons.
B) Production methods change about once every 5 years.
C) Competitors move into and out of the industry frequently.
D) Product demand increases every year on a steady upward trend.

Question

Quizplus · Accepted Answer

A dynamic environment is one that is constantly changing, and competitors moving in and out frequently indicates a rapidly changing market. Option A describes a fluctuating environment, option B describes a somewhat stable environment, and option D describes a predictable and stable environment.

Which of the Following Describes a Dynamic Environment