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Explain the following features of Business Environment with relevant examples.

(i) Complex 

(ii) Uncertainty

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1. Uncertainty - Business Environment is legally uncertain because it is very difficult to forecast future uncertainties. Changes are taking place very frequently. For e.g. Advancement in mobile technology. 

2. Complex - Business Environment is very complex. It’s difficult to know the impact of social, economic, political and technological factors on change in demand of a product.

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