Which of the following is NOT a component of specific forces of business environment?

Technological conditions

The correct answer is option 1- Technological conditions.

Technological conditions is not a specific force of business environment. It is general force.

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. So, technological conditions is a general force.