BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Systems are included in the external environment.
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True
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False
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Explanation:
Detailed explanation-1: -The external environment, also known as the macro environment, is out of the control of an individual business. Factors like competition, market, economic, demographic, and environmental factors all play a role in the external environment of an organisation.
Detailed explanation-2: -Manufacturing is NOT an external factor since manufacturing is referred as an internal factor as it belongs within the complete control of the organization.
Detailed explanation-3: -In general, there are three major parts of external environment in business includes the general environment, the industrial environment and the competitor’s environment.
There is 1 question to complete.