Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Which of the following are the features of business environment?

(A) Totality of external forces
(B) Inter-relatedness
(C) Public
(D) Relativity

Choose the correct answer from the options given below:

Options:

(B), (C) and (D) only

(A), (B) and (C) only

(A), (B) and (D) only

(A), (C) and (D) only

Correct Answer:

(A), (B) and (D) only

Explanation:

The correct answer is Option (3) → (A), (B) and (D) only

(A) Totality of external forces: The business environment refers to the sum total of all external forces—economic, social, political, technological, and legal—that affect a business.
(B) Inter-relatedness: The different elements of the business environment are closely interlinked; a change in one factor (like technology) often affects others (like production or marketing).
(D) Relativity: The business environment is relative, meaning it differs from country to country and region to region. For example, what is favourable for business in one nation may not be so in another.

(C) Public is not a distinct, characteristic feature of the business environmen.