MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a component of specific forces of business environment?
A
Technological conditions
B
Customers
C
Employees
D
Investors
Explanation: 

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: -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.

There is 1 question to complete.