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.
Question : ___________ forces such as social, political, legal have impact on all business enterprises but may affect only indirectly.
Option 1: Specific
Option 2: General
Option 3: Relative
Option 4: Total
Question : Specific forces such as investors, customers affect individual enterprises ____________ and ___________ in their day to day working.
Option 1: Immediately , instantly
Option 2: Directly , immediately
Option 3: Instantly , directly
Option 4: Directly , adversely
Question : Introduction of GST and its impact on business enterprise is a part of:
Option 1: Political environment
Option 2: Economic environment
Option 3: Technological environment
Option 4: Social environment
Question : Investors, customers, competitors are the example of ______________ forces whereas social, political, legal and technological is the example of _________________ forces.
Option 1: General, specific
Option 2: Specific, rational
Option 3: Rational, general
Option 4: Specific, general.
Question : _______________ describes characteristics of the society in which the organisation exists.
Option 1: Business environment
Option 3: Social environment
Option 4: Political environment
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