Question : Which of the following option correctly describes the difference between specific and general forces of business environment?
Option 1: Specific forces affect the individual enterprises directly, whereas general forces have indirect impact on all business enterprises.
Option 2: General forces have direct impact on individual enterprises, whereas specific forces have indirect impact on business enterprise.
Option 3: Specific forces does not affect an enterprise at all, whereas general forces affects directly on all business enterprises
Option 4: None of the above
Correct Answer: Specific forces affect the individual enterprises directly, whereas general forces have indirect impact on all business enterprises.
Solution :
Business environment includes both specific and general forces. Specific forces affect business enterprises directly and immediately in their day to day working. These include supplier, investors, customers, general forces are social, political, legal, technological conditions have impact on all the enterprises and affect individual firms only indirectly.
Hence, option 1 is the correct answer.
