Which statement below is correct?

Question

Quizplus · Accepted Answer

A dynamic environment implies that there are frequent changes in the market conditions, customer preferences, technological advancements, etc. These changes can make it difficult for firms to predict future outcomes and make strategic decisions, resulting in more uncertainty. On the other hand, a stable environment has fewer changes, making it easier for firms to predict outcomes and make decisions. Therefore, option C is correct, stating that a dynamic environment has more uncertainty than a stable environment. Option A and B are incorrect since the statement contradicts the definition of dynamic and unstable environments. Option D is irrelevant to the concept of environment and uncertainty.

Which Statement Below Is Correct