BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following best indicates the importance of business environment?
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Employing new workers
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Result-oriented performance
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Coping with rapid changes
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Passing of new criminal law
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Explanation:
Detailed explanation-1: -Identification, Improvement In performance, coping with rapid changes all are the indicators of importance of business environment.
Detailed explanation-2: -Business environment helps in determining the various business opportunities, resources and also assists in forming plans for the growth of the organisation. The components of a business environment can be media, customers, government, economic conditions, suppliers, competitors etc.
Detailed explanation-3: -Answer: The internal environment is controllable by the business, but not the external environment.
Detailed explanation-4: -There are 5 dimensions to business environment. These are economic, social, legal, political and technological.
There is 1 question to complete.