Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

Identify the specific forces of Business Environment from following.

A. Investors
B. Customers
C. Social
D. Political
E. Competitors

Choose the correct answer from the options given below:

Options:

A, B, C and D only

A, B and E only

C and D only

C, D and E only

Correct Answer:

A, B and E only

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.