BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which factor of the External Operating Environment is affected when a rival business makes changes to its product or pricing?
A
Customers
B
Competitors
C
Suppliers
D
Interest Groups
Explanation: 

Detailed explanation-1: -Yet it’s critical not to overlook the uncontrollable, external factors that impact a business, such as the economy, politics, competitors, customers, and even the weather. A company’s stability and profitability are interdependent on its ability to quickly identify and respond to changes in the external environment.

Detailed explanation-2: -The external environment definition refers to the factors that affect a company’s operations. The external business environment constitutes business environmental factors such as competitive, economic, social, ethical, political, and global factors.

There is 1 question to complete.