BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an outside factor that affects the business environment?
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Staff organization
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Industry competition
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Conflict negotiation
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Information management
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Explanation:
Detailed explanation-1: -External factors are elements from outside the company that affect business performance, such as competition, economic climate, political and legal environment, technological advances, or major global events.
Detailed explanation-2: -Examples of environmental factors affecting business include employees, competitors, suppliers, customers’ needs, owners, government regulations, market trends, technological developments, social factors, and economic factors.
There is 1 question to complete.