Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which of the following is a specific force of the business environment?

Options:

Investors

Suppliers

Competitors

All of these

Correct Answer:

All of these

Explanation:

Business environment includes both specific and general forces.
Specific forces (such as investors, customers, competitors and suppliers) affect individual enterprises directly and immediately in their day-to-day working.
General forces (such as social, political, legal and technological conditions) have impact on all business enterprises and thus may affect an individual firm only indirectly.