Question

What constitutes fiscal policies, economic conditions, population trends, consumer tastes & preferences, competitors plans & activities & personnel practices?

A. External environment
B. Internal environment
C. Micro environment.
D. Macro environment

Answer 1

Answer:

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Answer 2

Answer:

A. External Environment constitutes fiscal policies, economic conditions, population trends, consumer tastes & preferences, competitors plans & activities & personnel practices.

Explanation:

All internal and external elements that directly or tangentially affect an organization's choices regarding its marketing strategies are collectively referred to as the business environment. While external factors are out of an organization's influence, internal factors are under its control. Government, technological, economic, social, and competitive pressures are examples of external factors, whereas an organization's assets, weaknesses, and competencies are examples of internal factors.

An organization's performance, profitability, and overall functionality may be impacted by a variety of exogenous factors, which are collectively referred to as the external environment.

Nature: Uncontrollable

consist of: Threats and opportunities

Affects: All businesses involved in the sector

Having an impact on: company survival, expansion, reputation, and success.

So, External Environment constitutes fiscal policies, economic conditions, population trends, consumer tastes & preferences, competitors plans & activities & personnel practices.

To learn about business environment, please visit:

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