Question

name two elements of internal environment affecting business?

Answer 1

Answer: Any business carried out has many factors that promotes its growth . The internal and external elements affect the business in all possible ways .

Explanation: TWO ELEMENTS OF INTERNAL ENVIRONMENTAL AFFECTING BUSINESS ARE :-

STRATEGY FORMATION : strategy affects the firms ability the most . Strategy gives the strong framework to the business , the strengths , opportunities , technological variations and threats can be dealt with proper strategies .

EMPLOYEES : employees are vital to business success and representatives . In cases of strikes and lockouts cause a lot of problem to the business and production could be affected adversely .

Answer 2

The two elements that affect any business are its financial resources and human resources.

Explanation:

• The success of any business environment is affected by the financial situation or human resources issues.  

• The value of employees and their satisfaction levels are necessary for the success of any business.  

• If the employees are happy and motivated it affects the productivity levels of the business.  

• Every business requires financial stability for the business to run smoothly.  

• The financial resources help with funding, sources of income and other investment opportunities.

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