BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The forces in business environment that effect all the business houses are known as
A
General
B
Specific
C
Particular
D
Influencial
Explanation: 

Detailed explanation-1: -The general forces of environment have an impact on all business enterprises. General forces or non-human forces are political, legal, technological, political, etc., which affect the business indirectly.

Detailed explanation-2: -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. affect individual enterprises directly.

Detailed explanation-3: -Specific forces are those forces which directly affect the operational activities of the business enterprise. Example: Suppliers, Customers, Investors, Competitors, Financers etc. General forces are those forces which indirectly affect the functioning of business enterprises.

Detailed explanation-4: -The general environment is the larger environment within which the task environment is embedded. It includes political and legal forces, macroeconomic forces, demographic forces, sociocultural forces, technological forces, and international forces.

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