Which of the following is most likely to be a dynamic element of a business’s external environment:? Show
Answer key: b. increase in competition. Source from encyclopedia, which of the following is most likely to be a dynamic element of a business’s external environment: increase in competition. See also What is a solar system? Which of the following is considered part of an external business environment?The external environment includes these six broad external conditions that may affect the organization: economic, political/legal, sociocultural, demographic, technological, and global conditions.
What are the components of external environment?Here are the nine types of external environment factors that affect businesses:. Technological factors. ... . Economic factors. ... . Political and legal factors. ... . Demographic factors. ... . Social factors. ... . Competitive factors. ... . Global factors. ... . Ethical factors.. What is external factors of business environment?An external environment is composed of all the outside factors or influences that impact the operation of business. The business must act or react to keep up its flow of operations. The external environment can be broken down into two types: the micro environment and the macro environment.
What are the external factors of business?External factors. political - For example, new legislation.. economic - For example, inflation and unemployment.. social - Changes in taste and fashion or the increase in spending power of one group, for example, older people.. technological - For example, being able to sell goods online or using automation in factories.. |
Which of the following is most likely to be a dynamic element of a businesss external environment
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