Which of the following is NOT a component of the business environment?
Practice Questions
1 question
Q1
Which of the following is NOT a component of the business environment?
Economic conditions
Technological advancements
Employee satisfaction
Legal regulations
Employee satisfaction is an internal factor, while the other options are external components of the business environment.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following is NOT a component of the business environment?
Solution: Employee satisfaction is an internal factor, while the other options are external components of the business environment.
Steps: 4
Step 1: Understand what the business environment is. It includes all external and internal factors that affect a business.
Step 2: Identify the components of the business environment. These can be internal (like employee satisfaction) or external (like market trends, competition, and regulations).
Step 3: Look at the options given in the question. Determine which one is an internal factor and which ones are external.
Step 4: Conclude that employee satisfaction is NOT an external component, but rather an internal factor of the business environment.
