BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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political environment
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social environment
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competitors environment
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Economic environment
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Detailed explanation-1: -1: Which is not a component of specific forces of the business environment? Answer: B, Technological conditions.
Detailed explanation-2: -The four general forces are: Socio-cultural, political, economic and legal. Q. “Business environment includes both specific and general forces’.
Detailed explanation-3: -The correct answer is D) competitors. Competitors are not categorized as part of an organization’s environment; they are not involved in organizational decision-making and development strategies.
Detailed explanation-4: -Which of the following is not a component of specific forces of business environment? Explanation: (a) Technological conditions is a component of general forces that affect the business environment of an enterprise. 3.
Detailed explanation-5: -When considering strategic business decisions, organizations analyze the six general environmental forces. These forces, which spell out PESTEL, are categorized as (P)olitical, (E)conomic, (S)ociocultural, (T)echnology, (E)nvironment and (L)egal factors.