Question

Identify and state the feature of the concept discussed in the paragraph.

Answer 1

The concept discussed above is 'Business Environment'.
The feature discussed above is-
(i) Specific and General forces: Business environment includes both specific forces which affect business enterprises directly and immediately in their day to day working for example suppliers, investors etc as well as general forces - social, legal, technological forces which have impact on all the enterprises and effect individual firms indirectly.