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MCQ
5. In which of the following basic categories can business environment be divided?
a. Local and Regional
b. Regional and National,
c. Internal and External
d. Financial and Nonfinancial
Answers
Answer:
The External business environment is broadly classified into two categories, i.e. micro environment, and macro environment.
Answer: The term 'business environment' connotes external forces, factors and institutions that are beyond the control of the business and they affect the functioning of business enterprises. These include customers, competitors, suppliers, government, and the social, political, legal and technological factors etc
Answer:
Correct option is C.
Internal and External categories business environment be divided.
Explanation:
Internal and External.
The term "internal environment" refers to all of the forces and situations that exist within a firm and can influence how it operates. Exogenous forces that have the potential to affect the organization's performance, profitability, and functionality are referred to as the external environment. Business enviornment can be divided in two categories. They are internal and external. The major distinction between the internal and exterior environments, as discussed in this article, is that the internal environment includes aspects that have a direct impact on the organisation, whilst external environmental factors do not.