BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What are the four factors contributing to the Internal Business Environment?

A	Customers, Competitors, Suppliers, Interest Groups
B	Customers, Clients, Suppliers, Distributors
C	Employees, Employers, Customers, Clients
D	Owners/Management, Employees, Organisational Culture, Organisational Structure

Explanation:

Detailed explanation-1: -The factors are: (1) Value System, (2) Mission and Objectives, (3) Organisation Structure, (4) Corporate Culture and Style of Functioning of Top Management, (5) Quality of Human Resources, (6) Labour Unions, and (7) Physical Resources and Technological Capabilities.

Detailed explanation-2: -Economic Factors. Political and Legal Factors. Social and Cultural Factors. Physical and Technological Factors.

Detailed explanation-3: -Organizational cultures are created by a variety of factors, including founders’ values and preferences, industry demands, and early values, goals, and assumptions. Culture is maintained through attraction-selection-attrition, new employee onboarding, leadership, and organizational reward systems.

There is 1 question to complete.