BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Customers, Suppliers, Competition and Interest Groups are part of the
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Internal Business Environment
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External Operating Business Environment
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External Macro Business Environment
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Explanation:
Detailed explanation-1: -External environmental factors are the factors outside the organization that influence the business. These often include the social and cultural, natural environment, political, legal, technological, and economic factors.
Detailed explanation-2: -External Environment: Firm, Customers, Suppliers, Distributors, Competitors, Society.
Detailed explanation-3: -The internal environment of business refers to all the factors or forces that have a more direct impact on the daily activities of the company. The main factors in the internal environment are: customers, suppliers, competitors, shareholders, financial institutions, and employees.
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