BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Specific forces include
A
Technological
B
Political
C
Customers
D
Investors
Explanation: 

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.

There is 1 question to complete.