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Question
Environment factor which are beyond the control of individual is known as _____________.
Environment factor which are beyond the control of individual is known as _____________.
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Solution
The correct option is B External
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.
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.
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