6 Questions
What is the term for the surroundings in which a company operates, including factors such as economic, social, and legal conditions?
Business environment
Which of the following is NOT a part of the business environment?
Internal management structure
What does the business environment comprise in addition to economic and legal factors?
Social aspects
Which of the following is NOT typically considered a part of the business environment?
Competitor's marketing strategy
What factors are included in the business environment?
Economic, legal, social, political, and technological factors
Why is it important for companies to understand the business environment?
To adapt to changes and make informed decisions
Test your knowledge of the surroundings in which a company operates, including economic, social, and legal conditions. Explore the factors that constitute the business environment and identify what it encompasses beyond economic and legal aspects.
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