Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What does the success of every business depend on?
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?
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?
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?
How are some external factors likely to impact a business?
Signup and view all the answers
What is the business environment defined as according to the text?
What is the business environment defined as according to the text?
Signup and view all the answers
Flashcards are hidden until you start studying
