Grace Kennedy Ltd. operates in multiple Caribbean territories and must adapt its marketing strategies to suit each country's regulations. Which feature of the business environment does this illustrate?

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Question

Grace Kennedy Ltd. operates in multiple Caribbean territories and must adapt its marketing strategies to suit each country's regulations. Which feature of the business environment does this illustrate?

Accepted Answer

The business environment is dynamic — Award 1 mark for understanding that businesses must continuously adapt to changing conditions. B is incorrect — the environment constantly changes. D is incorrect — external factors are largely beyond business control. A is incorrect — external changes are often unpredictable.

Answer

The business environment is dynamic

Answer

The business environment is predictable

Answer

The business environment is controllable

Answer

The business environment is static

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