BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The task environment denotes the external forces of the business environment that affect a business’s ability to achieve its goals. As such, it comprises factors such as customers, suppliers, competitors, labor force, special interest groups and government regulation.

Detailed explanation-2: -Micro Environmental factors It is a collection of forces or factors that are close to the organization and can influence the performance as well as the day to day activities of the firm. Six components of micro environment are: Company, Suppliers, Marketing Intermediaries, Competitors, General Public and the Customers.

Detailed explanation-3: -External Environment: Firm, Customers, Suppliers, Distributors, Competitors, Society. To run the business successfully, it is necessary to understand the environment with in which the business operates. Business environment j is a set of external factors that affects the business decisions.

Detailed explanation-4: -Any business or consumer with direct involvement with an organization may be part of the task environment. Examples of task environment sectors include, competitors, customers, suppliers and labour supply.

Detailed explanation-5: -External corporate environmental factors: Customers and suppliers. Next to employees, customers and suppliers are, in most cases, the most important people with which an organization has to deal. Suppliers have a huge impact on costs.