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Questions and Answers
People who buy the goods or services provided by a business are called suppliers.
False
Changes in social factors do not affect the way people live, working, or even the way they consume goods and services.
False
Currency rates, unemployment, and inflation are part of the political and legal environment.
False
Organizational culture are the customs, traditions, and beliefs which affect the business externally.
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Businesses that provide similar goods or services to the same customers as the given market are called competitors.
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An external environment is a set of elements that define the atmosphere within the company's structure.
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External factors are the things that affect the business from the inside.
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Employees are a factor that influences business performance negatively only.
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The environment is also known as the Competitive Environment.
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People who buy the goods or services provided by a business are called suppliers.
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Businesses that provide similar goods or services to the same customers as the given market are called competitors.
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Organizational culture are the customs, traditions, and beliefs which affect the business externally.
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