Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
46 views
in Business Studies by (83.3k points)
closed by

What do you mean by external factors of business environment?

1 Answer

+1 vote
by (79.1k points)
selected by
 
Best answer
  • The factors which cannot be controlled by the managerial personnel of the organization are called external factors of business environment.
  • In order to survive in the market and keep going with the competition, the business has to make necessary changes with regard to external factors.

These factors can be broadly classified as:

  • Economic factors
  • Social factors
  • Cultural factors
  • Technological factors
  • Political factors
  • Legal factors

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...