5
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 is the sum total of all things external to business firms and, as such, is aggregative in nature. Any business works within the framework provided by the various elements of society, which is known as business environment.
Business environment is the sum total of all things external to business firms and, as such, is aggregative in nature. Any business works within the framework provided by the various elements of society, which is known as business environment.
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