Question

which combination is focused on the external assessment of the business? ​

Answer 1

Answer:

1) Understand all the environmental factors before moving to the next step.

2) Collect all the relevant information.

3) Identify the opportunities for your organization.

4) Recognize the threats your company faces.

Answer 2

The External business environment is that part of a business that is not under the control of the business enterprise.

• They are various external environmental factors which affect the overall working of the business and also affect its success of it.
• The economic policies as well as the political and legal policies affect the internal policies of the business. The profitability of a company can go down if the tax rate goes up for a particular product or service.
• The social structure also affects the business. The managers should keep a close look at the changing pattern of the external business environment in order to be in the market.