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?
Market Trends
Consumer Behavior
Company Culture
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.
