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In which of the following basic categories can business environment be divided?
- a)Local and Regional
- b)Regional and National.
- c)Internal and External.
- d)Financial and Nonfinancial.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In which of the following basic categories can business environment be...
The Basic Categories of Business Environment:
Business environment refers to the external and internal factors that affect the operations of a business. These factors can be divided into two basic categories:
1. Internal Environment:
The internal environment refers to the factors that are within the control of the organization. These factors include the following:
a) Management structure
b) Human resources
c) Company culture
d) Physical resources
e) Financial resources
f) Operations processes
g) Products and services
2. External Environment:
The external environment refers to the factors that are outside the control of the organization. These factors include the following:
a) Economic factors
b) Political and legal factors
c) Technological factors
d) Social and cultural factors
e) Competitive factors
f) Natural factors
Conclusion:
The business environment can be divided into two basic categories, internal and external. The internal environment includes factors that are within the control of the organization, while the external environment includes factors that are outside the control of the organization. Understanding these factors is essential for the success of any business.
Business environment refers to the external and internal factors that affect the operations of a business. These factors can be divided into two basic categories:
1. Internal Environment:
The internal environment refers to the factors that are within the control of the organization. These factors include the following:
a) Management structure
b) Human resources
c) Company culture
d) Physical resources
e) Financial resources
f) Operations processes
g) Products and services
2. External Environment:
The external environment refers to the factors that are outside the control of the organization. These factors include the following:
a) Economic factors
b) Political and legal factors
c) Technological factors
d) Social and cultural factors
e) Competitive factors
f) Natural factors
Conclusion:
The business environment can be divided into two basic categories, internal and external. The internal environment includes factors that are within the control of the organization, while the external environment includes factors that are outside the control of the organization. Understanding these factors is essential for the success of any business.
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In which of the following basic categories can business environment be...
Firstly it decides business firm is of what type. Internal or external. then after that other types can be decided like it is regional or national or local.
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In which of the following basic categories can business environment be divided?a)Local and Regionalb)Regional and National.c)Internal and External.d)Financial and Nonfinancial.Correct answer is option 'C'. Can you explain this answer?
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