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Which of the following is NOT a factor of the external business environment?

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Question: Which of the following is NOT a factor of the external business environment?

Options:

  1. Market Trends
  2. Consumer Behavior
  3. Company Culture
  4. Competitive Landscape

Correct Answer: Company Culture

Solution: 

Company culture is an internal factor, while the others are external factors affecting the business environment.

Which of the following is NOT a factor of the external business environment?

Practice Questions

Q1
Which of the following is NOT a factor of the external business environment?
  1. Market Trends
  2. Consumer Behavior
  3. Company Culture
  4. Competitive Landscape

Questions & Step-by-Step Solutions

Which of the following is NOT a factor of the external business environment?
Correct Answer: Company culture
  • Step 1: Understand what is meant by 'external business environment'. This refers to factors outside a company that can affect its operations, such as market trends, competition, and regulations.
  • Step 2: Identify the options given in the question. Look for factors that are typically considered external.
  • Step 3: Recognize that 'company culture' refers to the internal environment of a business, which includes its values, beliefs, and practices.
  • Step 4: Compare 'company culture' with the other options. If they are all external factors and 'company culture' is not, then it is the correct answer.
  • Step 5: Conclude that 'company culture' is NOT a factor of the external business environment.
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