BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Objectives
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Policies
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Public
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Production-Method
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Detailed explanation-1: -Answer: Money and Capital market is not an element of internal environment since internal environment deals with the elements which belong within the organization. The business organization has no control over money and capital market, hence it is not an element of internal environment.
Detailed explanation-2: -Marketing capability, operational capability, and personal capability are part of internal environment. Money and capital market are part of external environment. Was this answer helpful?
Detailed explanation-3: -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.