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Question
Business environment is the sum total of all things______to business firms and, as such, is aggregative in nature.
Business environment is the sum total of all things______to business firms and, as such, is aggregative in nature.
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Solution
The correct option is D External
Business environment
refers to the forces, factors and institutions with which the businessman has
to deal with in order to achieve its objectives. It is the sum total of all external things which includes economic, social, political and technological factors that indirectly affects the conduct of a business and the businessman has no control over these forces.
Business environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. It is the sum total of all external things which includes economic, social, political and technological factors that indirectly affects the conduct of a business and the businessman has no control over these forces.
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