alleryBusiness environment means the sum total of all individuals, institutions and forces that are:
AOutside the firm's control
BInside the firm's factory
COwned by the firm alone
DHired by the firm alone
Answer & Solution
Correct answer: A. Outside the firm's control
1. They lie beyond the enterprise.
2. Yet they affect its performance.
3. So they are outside its control.
_Source: syllabus Business Studies Part I, Chapter 3, Business Environment._
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