BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify the feature of business environment from following statement.Business environment have some forces which effect business firms directly but some factors affect them indirectly.
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Complexity
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Inter-relatedness
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Relativity
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Specific and general forces
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Explanation:
Detailed explanation-1: -Specific and general forces is a main feature of business environment.
Detailed explanation-2: -The major environmental factors in business are technological factors, economic factors, social factors, political factors and cultural factors. These environmental factors are further classified as either specific factors or general factors.
Detailed explanation-3: -The business environment is dynamic in nature. It keeps on changing.
Detailed explanation-4: -(b) Uncertainty Business environment is uncertain as it is difficult to predict future happenings when environment changes are taking place frequently. Was this answer helpful?
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