BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
They are those who ensure the organizations continuous flow of needed and reasonably priced input or materials required for producing their goods and rendering their services.
A
Stakeholders
B
Costumers
C
Suppliers
D
Employees
Explanation: 

Detailed explanation-1: -Suppliers are those who ensure the organization’s continuous flow of needed and reasonably priced inputs or materials required for producing their goods and rendering their services. Inputs mentioned also include financial and labor supply.

Detailed explanation-2: -Internal BusinessOrganizer Char PESTEL Refers to the factors/elements within the organization which may affect, either positively or negatively, the performance of the organization. It is a technique used to determine and define your STRENGTHS, WEAKNESSES, OPPORTUNITIES and THREATS.

Detailed explanation-3: -Business environment includes the external and internal factors that influence a business. External factors include political factors, macroeconomic factors, microeconomic factors, social factors, and technological factors.

Detailed explanation-4: -The Business Sector/Industry Environment It includes your customers/clients, suppliers and partners. It also includes competitors, those organisations that compete for your customers or offer alternative approaches to your services.

There is 1 question to complete.