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True or false about business environment

Exercise and reference answers

Questions
  1. Statement is true
    Yes
    Statement
    Business environment is external to the firm.
  2. Statement is true
    No
    Statement
    It includes only specific forces.
  3. Statement is true
    Yes
    Statement
    Environment scanning helps spot new trends.
  4. Statement is true
    No
    Statement
    The environment stays the same over time.
  5. Statement is true
    Yes
    Statement
    Legal rules are part of the environment.
Instructions
Decide whether each statement is true or false.

Explanation

_Source: syllabus Business Studies, Ch 3 'Business Environment'_
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