Which feature makes an external business factor generally less controllable by an individual firm?
Correct answer: A. It originates outside the firm's authority
- A. It originates outside the firm's authority
- B. It is recorded in the firm's budget
- C. It is managed by department heads
- D. It is included in the production schedule
Explanation
External factors arise beyond the firm's direct authority, although a firm may adapt its strategy to them. Internal budgets, managers, and schedules are more directly controllable.
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About The Business Environment
Business environment includes the internal factors and external forces that affect business decisions, performance and survival. It covers customers, competitors, suppliers, government, technology, economic conditions, society, law and ecology, including the distinction between the microenvironment and the wider PESTLE environment.
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