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Question
Which of the following statement is TRUE?
(1) Environmental refers to all forces, which have a bearing on the functioning of business.
(2) Success of every business depends on adapting itself to the environment within which it functions.
Select the correct answer from the options given below.
Which of the following statement is TRUE?
(1) Environmental refers to all forces, which have a bearing on the functioning of business.
(2) Success of every business depends on adapting itself to the environment within which it functions.
Select the correct answer from the options given below.
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Solution
The correct option is C Both (1) and (2)
Business environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. The success of every business depends on the adapting itself to the relevant business environment within the range of its function so that it can achieve its organisational objectives.
Business environment refers to the forces, factors and institutions with which the businessman has to deal with in order to achieve its objectives. The success of every business depends on the adapting itself to the relevant business environment within the range of its function so that it can achieve its organisational objectives.
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