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

Question

Quizplus · Accepted Answer

Globalization of markets has significantly increased the complexity of the business environment by introducing new cultural, legal, and economic differences in the market landscape. This has led to new challenges for businesses to navigate and adapt to, such as language barriers, political instability, and varying customer needs and preferences across different countries.

The Major Factor Increasing the Complexity of the Business Environment