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Question
Which of the following factors does not constitute the decision making of a business?
[0.80 marks]
Which of the following factors does not constitute the decision making of a business?
[0.80 marks]
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Solution
The correct option is C Weather
The environment in which a particular business exists is crucial for setting various goals and making decisions. Various factors like economy, society, law, and political environments drive managers to plan their goals and targets accordingly. However, the weather changes on a day-to-day basis and so, it does not impact the important decisions in a business. An organisation also does not have any control over the weather, which is a natural phenomenon.
The environment in which a particular business exists is crucial for setting various goals and making decisions. Various factors like economy, society, law, and political environments drive managers to plan their goals and targets accordingly. However, the weather changes on a day-to-day basis and so, it does not impact the important decisions in a business. An organisation also does not have any control over the weather, which is a natural phenomenon.
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