Correct option is D
The business environment is characterized by several key features that businesses must understand and adapt to. Analyzing the given options:
· Complex: The business environment is indeed complex, as it consists of numerous interconnected factors (economic, social, political, technological, etc.) that can influence a business's operations simultaneously and in intricate ways. It can be difficult to isolate the exact impact of any single factor.
· Dynamic: The business environment is highly dynamic, meaning it is constantly changing due to various factors like technological advancements, shifting consumer preferences, and evolving market conditions. Businesses need to be flexible and adaptable to succeed in such an environment.
· Multi-faceted: The business environment is multi-faceted, encompassing various dimensions that influence businesses, such as economic, social, political, technological, and legal factors. These different facets present both opportunities and threats.
· Static: This is the opposite of dynamic. A static environment implies unchanging conditions, which is generally not true for the modern business world. The business environment is characterized by continuous change and evolution.
Therefore, "Static" is NOT a feature of the business environment.