Match the following-
| LIST 1 |
LIST 2 |
| (A) Investors, customers, competitors | (I) Infrastructural factors |
| (B) Social, political, legal and technological conditions | (II) Totality of external forces |
| (C) Investors, customers, legal and technological conditions | (III) Specific forces |
| (D) Financial institutions, banks, modes of transportation, communication facilities | (IV) General forces |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
* Investors, customers, competitors- Specific forces (such as investors, customers, competitors and suppliers) affect individual enterprises directly and immediately in their day-to-day working.
* Social, political, legal and technological conditions- 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.
* Investors, customers, legal and technological conditions- Totality of external forces: Business environment is the sum total of all things external to business firms and, as such, is aggregative in nature.
* Financial institutions, banks, modes of transportation, communication facilities- Infrastructural factors, such as, financial institutions, banks, modes of transportation communication facilities, and so on.