Which of the following is a specific force of business environment?
A. Investors
B. Economic environment
C. Political environment
D. Technological environment
E. Suppliers
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 1
The correct answer is option 1- A and E only.
A & E are the specific force of business environment.
B, C & D are the general forces of business environment.
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.