BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following are components of internal environment, except.
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Human resources
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materials management
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products and services
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administration
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Explanation:
Detailed explanation-1: -Internal factors include values, mission/objectives, organizational structure, culture and management style, Human Resources, labor unions, and physical and technological resources.
Detailed explanation-2: -Marketing capability, operational capability, and personal capability are part of internal environment. Money and capital market are part of external environment.
Detailed explanation-3: -The internal environment of business refers to all the factors or forces that have a more direct impact on the daily activities of the company. The main factors in the internal environment are: customers, suppliers, competitors, shareholders, financial institutions, and employees.
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