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Question
Which of the following are specific forces of business environment?
(I) Investors
(II) Social conditions
(III) Competitors
(IV) Technology
(V) Suppliers
(VI) Political conditions
Select the correct answer from the options given below -
Which of the following are specific forces of business environment?
(I) Investors
(II) Social conditions
(III) Competitors
(IV) Technology
(V) Suppliers
(VI) Political conditions
Select the correct answer from the options given below -
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Solution
The correct option is A (I), (II), (III) & (V) only
Business environment
can be defined as the forces, factors and institutions with which the
businessman has to deal with to achieve its objectives. It includes the
summation of both external as well as internal environment of the business.
Specific forces are those forces that affect the conduct of a business directly through its application. These forces include investors, social conditions, competitors and suppliers of the business.
Business environment can be defined as the forces, factors and institutions with which the businessman has to deal with to achieve its objectives. It includes the summation of both external as well as internal environment of the business.
Specific forces are those forces that affect the conduct of a business directly through its application. These forces include investors, social conditions, competitors and suppliers of the business.
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