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:

The correct answer is option 2- A, B and E only.

Social and Political are 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.