Which of the following internal factors directly affect the planning and decision-making process within an organization?
i. Company mission and objectives
ii. Research and development (R&D) capabilities
iii. Economic inflation rate
iv. Value system of the founders
Ai, ii and iv
Bi and ii
Ci, ii and iii
Dii, iii and iv
Related Questions:
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 business environment is dynamic and requires constant analysis and adaptation by companies.
Reason (R): Technological changes, shifting consumer trends, and regulatory developments all contribute to environmental dynamism.
Which of the following are components of the macro environment?
i. Political factors like government stability
ii. Competitors and suppliers
iii. Social and cultural trends
iv. Intermediaries like distributors and retailers
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.
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.
