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.