Adaptation to External Factors in Business
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Questions and Answers

What does the success of every business depend on?

  • Ignoring external factors for stability
  • Having complete control over external factors
  • Adapting to the environment within which it functions (correct)
  • Relying solely on government policies

    • Which of the following is considered an external factor affecting businesses?

  • Customer feedback
  • Internal company policies
  • Government policies (correct)
  • Employee satisfaction

    • What is included in the business environment according to the text?

  • Suppliers and government only
  • Only customers and competitors
  • Customers, competitors, suppliers, government, and social, political, legal, and technological factors (correct)
  • Social and technological factors only

    • How are some external factors likely to impact a business?

    <p>Directly or indirectly</p> Signup and view all the answers

    What is the business environment defined as according to the text?

    <p>The total surroundings that have a direct or indirect bearing on the functioning of a business</p> Signup and view all the answers

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