BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Technological conditions
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Customers
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Employees
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Investors
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Detailed explanation-1: -1: Which is not a component of specific forces of the business environment? Answer: B, Technological conditions. Explanation: Technological condition is a component of general forces that affect the business environment of an enterprise.
Detailed explanation-2: -Specific forces are those forces that affect the conduct of a business directly through its application. These forces include investors, social conditions, competitors and suppliers of the business.
Detailed explanation-3: -Answer. Explanation: Continuous elements are not a part of the business environment.
Detailed explanation-4: -Specific forces are those forces which directly affect the operational activities of the business enterprise. Example: Suppliers, Customers, Investors, Competitors, Financers etc. General forces are those forces which indirectly affect the functioning of business enterprises.
Detailed explanation-5: -Examples of specific forces: Investors loyalty. Customer tastes and preferences. Strategies of Competitors.