Assertion (A) Totality of external forces is an important feature of Business environment. Reason (R): Business environment is the sum total of all things external to business organizations and as such is aggregative in nature. (a) Both assertion and reason are true and reason is correct explanation of assertion. (b) Both assertion and reason are true and reason is not the correct explanation of assertion. (C) Assertion is true but reason is false. (d) Assertion is false but reason is true.
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Business environment is the sum total of all things external to business firms and, as such, is aggregative in nature. Any business works within the framework provided by the various elements of society, which is known as business environment.
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