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Which of the following are true of change in the business world? (Select all that apply.)

A. Change refers to the undertaking of a new concept or behavior by a company.
B. Change cannot be avoided in today's fast-cycling business atmosphere.

User Mike Clagg
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1 Answer

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Final answer:

Changes in the business include adopting new behaviors or concepts and are unavoidable due to technology and globalization. These factors increase competition and connect businesses globally.

Step-by-step explanation:

True statements regarding change in the business world are that A. Change refers to the undertaking of a new concept or behavior by a company and B. Change cannot be avoided in today's fast-cycling business atmosphere. Technological advancements and globalization have significantly influenced market definitions, increasing competition and facilitating business-to-business interactions worldwide. The business environment is continuously evolving, with developments such as improved communication technologies and globalization altering the landscape of how companies operate and compete.



One of the substantial factors driving these changes is technological innovation, which has not only transformed the infrastructure of businesses but also widened their reach globally. This has made adapting to change a necessity for survival in the modern marketplace. Moreover, any business, from retail to supply, is challenged to stay current and competitive in a world where transactions and partnerships can span across continents thanks to platforms like business-to-business websites.

User Anneliese
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