Identify the true statements about business environment features:
i. The business environment is unique for every company.
ii. The business environment remains constant over time.
iii. External trends like technological advancement require business adaptation.
iv. Complexity and uncertainty in the environment demand proactive business strategies.
Ai, iii and iv
Bi and ii
Cii, iii and iv
Diii and iv
Related Questions:
Which of the following statements about internal factors are correct?
i. Management style and company objectives are internal factors of the organization.
ii. Supplier relationships and customer preferences are considered internal factors.
iii. Company image, employee morale, and physical resources are examples of internal factors.
iv. Government policies are part of the internal environment.
Read the following statements and choose the correct option:
i. The macro environment includes political, economic, social, technological, legal, and environmental factors.
ii. The micro environment consists of customers, suppliers, competitors, and intermediaries.
iii. Macro environment factors can be directly controlled by the organization.
iv. Micro environment factors are completely uncontrollable by the organization.
Assertion (A): The organizational environment consists of both internal and external factors that influence a company’s operations.
Reason (R): Internal factors include company policies, management style, and resources, while external factors include customers, suppliers, competitors, and legal trends.
Which of the following are characteristics of a dynamic business environment?
i. It remains the same over time, regardless of changes in society or technology.
ii. It requires businesses to adapt continuously due to external influences and shifting trends.
iii. It is influenced by factors such as technological advancements and government policy changes.
iv. Organizations can completely control all aspects of their environment.
Which of the following statement/s about the business environment are correct?
i. The business environment includes both internal and external factors that influence an organization's operations.
ii. External factors such as government regulations and economic conditions can be directly controlled by the business.
iii. The business environment is dynamic and requires continuous monitoring and adaptation to remain competitive.
iv. Company values and human resources are part of the external environment.
