Question

The internal factors that contribute to the business environment is/are:
1. Research and Development
2. Company Image
3. Brand Equity
4. Value System
Select the correct answer from the options given below.

• A. $1,2$ $and$ $3$ only
• B. $2,3$ $and$ $4$ only
• C. $2$ $and$ $4$ only
• D. $4,3,2,1$

Answer 1

The correct option is D $4,3,2,1$

The internal factors that contribute to the business environment are:

1. Research and development: It refers to the discovery of new technology and upgrading it in the organisation of its development.

2. Company image: It refers to the goodwill which a company creates over the years of its operation.

3. Brand equity: It refers to the popularity which the company has and the proportion of customer which they receive due to this popularity.

4. Value system: It refers to the virtue of the business and its responsibility towards the society and its members.