BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An example of an internal environmental factor is ____
A
Legal issues eg consumer law
B
Suppliers
C
Employees
D
Competitors
Explanation: 

Detailed explanation-1: -For example, if a company values a flexible work-life balance, then its employees may have the flexibility to work at home or have flexible hours at work. If a company has Christian values, such as Chick Fil A, it may take a stance on legal decisions to keep within its value system.

Detailed explanation-2: -Some examples of areas which are typically considered internal factors are: Financial resources like funding, investment opportunities and sources of income. Physical resources like company’s location, equipment, and facilities. Human resources like employees, target audiences, and volunteers.

Detailed explanation-3: -An organization’s internal environment is composed of the elements within the organization, including current employees, management, and especially corporate culture, which defines employee behavior. Although some elements affect the organization as a whole, others affect only the manager.

Detailed explanation-4: -Employees are an important part of the internal environment of an organization. Managers must be able to manage lower-level employees and, at the same time, supervise the other factors of the internal environment.

There is 1 question to complete.