Option 1 -> (B), (C) and (D) only - Incorrect because "Public" is not a recognized feature of business environment.
Option 2 -> (A), (B) and (C) only - Incorrect because "Public" is not a standard feature of business environment.
Option 3 -> (A), (B) and (D) only - Includes totality of external forces, inter-relatedness, and relativity which are all valid features.
Option 4 -> (A), (C) and (D) only - Incorrect because "Public" is not a characteristic feature of business environment.
Hence, Option 3: (A), (B) and (D) only -> The business environment is characterized by: (A) Totality of external forces - it encompasses all external factors affecting business; (B) Inter-relatedness - various environmental factors are interconnected and influence each other; and (D) Relativity - the environment varies across different countries, regions, and organizations. "Public" is not a recognized feature of business environment, making options including (C) incorrect -> correct