Question

State with reasons whether the following statements are True or False.

The external factors of business environment are controllable factors.

Answer 1

The external factors of business environment are controllable factors- False

Explanation:
The above statement is incorrect. In fact, external factors are those factors which are beyond the control of a business organisation, such as legal, political, social and economic factors. These factors are beyond the control of business. Just like external factors, internal factors like customers, employees, suppliers, etc. affect business organisations but these are controllable factors.