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Question
Environmental factors may be-
A. Internal
B. External
Select the correct answer from the options given below.
Environmental factors may be-
A. Internal
B. External
Select the correct answer from the options given below.
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Solution
The correct option is B Both A and B
Environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. There are two types of environment according to its origin :-
1. Internal Environment: These are the forces that originates inside the organisation and affects the business operations directly and the businessman has partial
control over these forces. It includes shareholders, customers, employees of the company etc.
2. External Environment: These are the forces that originates outside the organisation and affects the business operations indirectly and the businessman has no control over these forces. It includes social environment, political environment etc.
Environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. There are two types of environment according to its origin :-
1. Internal Environment: These are the forces that originates inside the organisation and affects the business operations directly and the businessman has partial
control over these forces. It includes shareholders, customers, employees of the company etc.
2. External Environment: These are the forces that originates outside the organisation and affects the business operations indirectly and the businessman has no control over these forces. It includes social environment, political environment etc.
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