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Question
Business environment is the sum total of all things _________ to business firms and, as such, is _________ in nature.
Business environment is the sum total of all things _________ to business firms and, as such, is _________ in nature.
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Solution
The correct option is A External; aggregative
Business environment can be defined as the forces, factors and institutions with which the businessman has to deal with to achieve its objectives. It includes the summation of both external as well as internal environment of the business.
Business environment can be defined as the forces, factors and institutions with which the businessman has to deal with to achieve its objectives. It includes the summation of both external as well as internal environment of the business.
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