A dynamic environment is one that
A) contains several competitors.
B) contains several regulators.
C) has low levels of uncertainty.
D) changes very little and/or very slowly.
E) changes rapidly and/or frequently.

Question

Quizplus · Accepted Answer

A dynamic environment is characterized by frequent and/or rapid changes. This could include changes in technology, consumer preferences, competition, regulations, and more. Therefore, options A and B are partially correct, but not the best choice because the mere presence of competitors or regulators does not necessarily make an environment dynamic. Option C is incorrect because low levels of uncertainty suggest a stable environment, which is the opposite of dynamic. Option D is also incorrect because a lack of change or slow change suggests a static environment, which again is the opposite of dynamic.

A Dynamic Environment Is One That