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:
This question was previously asked in
Shift 29/05/2023 3:30 PM - 6:30 PM
A
A, B, C and D only
B
A, B and E only
C
C and D only
D
C, D and E only
Correct Answer
A, B and E only
Detailed Explanation
Specific forces affect individual enterprises directly and immediately in their day-to-day working.
(1) Investors: They provide capital, which is essential for a company's growth and operations.
(2) Customers: Their purchasing behavior, preferences, and demands greatly affect a business. Understanding and satisfying customer needs is crucial for success.
(3) Competitors: Competitors play a significant role in shaping a company's strategy and performance. Market competition and rivalry directly impact business decisions and market share.
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