Business environment is dynamic'. Explain, giving reasons.

Explanation

it is right to say that business environment is dynamic as every day new changes are taking places in that business environment. These changes are so fast and effective that the companies. Which are able to scane them or recognise them on time, only survive in the market.
Example
(i) Rapidly changing technology has affected the business world. large number of new products are being introduce in market such as refrigerator with bio fresh technology or door cooling technology , etc.
(ii) The spread of literacy and public consciousness has contributed in rousing the aspirations of people and today companies give priority to customer's preference and demands.
(iii) With new legislation and policies of deregulation of industries. there is increases in the foreign direct investment in capital market.