Practicing Success
Which of the following is NOT a component of specific forces of business environment? |
Technological conditions Customers Employees Investors |
Technological conditions |
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. |