BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Technological
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Political
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Customers
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Investors
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Detailed explanation-1: -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-2: -Examples of specific forces: Investors loyalty. Customer tastes and preferences.
Detailed explanation-3: -Which of the following is not a component of specific forces of business environment? Explanation: (a) Technological conditions is a component of general forces that affect the business environment of an enterprise. 3.
Detailed explanation-4: -The specific environment of each organization is unique and changes with conditions. Typical constituents of the task environment are: customers, suppliers, competitors, and pressure groups. Employees are not considered part of the specific environment, because they are inside the organization.
Detailed explanation-5: -Specific forces include investors, competitors, customers etc. who influence business firm directly while general forces include social, political, economic, legal and technological conditions which affect a business firm indirectly.