Business Environment Quiz

The aggregate of all conditions, events, and influences that surround and affects it.

The business is influenced by its environment and, to a certain degree, influences the environment along with other firms.

The survival and success of a business firm depend upon its innate strength, adaptability to the environment, and the extent to which the environment is favorable to its development.

<p>The internal factors (present inside the firm) and the external factors (present outside the firm).</p> Signup and view all the answers

<p>Promoters/shareholders values, mission &amp; objectives, management structure &amp; nature, internal human relationships, physical assets and facilities.</p> Signup and view all the answers

<p>Aggregate of all conditions, events, and influences that surround and affect a business = Business environment Surroundings, external objects, influences, or circumstances under which someone or something exists = Environment Factors present inside the firm = Internal factors Factors present outside the firm = External factors</p> Signup and view all the answers

<p>Promoters / shareholders values = Innate strength Mission &amp; objectives = Adaptability to the environment Management structure &amp; nature = Extent to which the environment is favourable Physical assets and facilities = Development of the organisation</p> Signup and view all the answers

<p>Symbiotic relationship between business and its environment = Mutual influence between business and environment Evolution of business environment = Continuous change in the business environment Innate strength of a business firm = Resources at its command, physical resources, human resources, skill and organisation External factors affecting business = Factors present outside the firm</p> Signup and view all the answers

<p>Business environment = Influences the business and is influenced by it Internal human relationships = Impact on internal dynamics Adaptability to the environment = Influences the survival and success of the firm Physical assets and facilities = Contribute to the business's innate strength</p> Signup and view all the answers

<p>Mission &amp; objectives = Internal factors External factors affecting business = External factors Management structure &amp; nature = Internal factors Physical assets and facilities = Internal factors</p> Signup and view all the answers