BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ refers to negative and unfavourable external factors that are likely to create hurdles for a firm *
A
Opportunities
B
Threats
C
Benefits
D
None of the above
Explanation: 

Detailed explanation-1: -Answer (c) Threats. Explanation: In business analysis, threats are whatever might harm your association, products, or organization.

Detailed explanation-2: -A threat is any unfavourable situation in the organisation’s environment that is potentially damaging to its strategy.

Detailed explanation-3: -The external factors like politics, competitors, economy, customers, and weather are beyond your control but can make a huge impact on your organization’s performance and success. On the other hand, internal factors like processes, staff, culture, and financial situation can be controlled by you.

Detailed explanation-4: -External factors include political, economic, sociocultural, technological, environmental, and legal factors. These are factors that happen outside of the company but still, impact its ability to do business. Internal factors include culture changes, management changes, and employee morale.

Detailed explanation-5: -political-For example, new legislation. economic-For example, inflation and unemployment. social-Changes in taste and fashion or the increase in spending power of one group, for example, older people. technological-For example, being able to sell goods online or using automation in factories.

There is 1 question to complete.