BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
customers
|
|
|
suppliers
|
|
|
creditors
|
|
|
social
|
Detailed explanation-1: -Answer: (a) Technological conditions is a component of general forces that affect the business environment of an enterprise.
Detailed explanation-2: -Specific forces are those forces that affect the conduct of a business directly through its application. These forces include investors, social conditions, competitors and suppliers of the business.
Detailed explanation-3: -Examples of specific forces: Investors loyalty. Customer tastes and preferences. Strategies of Competitors.
Detailed explanation-4: -4. General and Specific Forces-Business environment consists of both general and specific forces. General forces such as economic, social, political, legal, natural and technological conditions influence all business enterprises. Specific forces such as investors, customers, competitors, suppliers, etc.