CSEET · Economic and Business Environment · Business Environment
Which of the following is an example of the internal environment of a business rather than its external environment?
A company's own vision, mission and organisational culture belong to the internal environment because they arise within the firm and are controllable by it. Repo rate changes, foreign competitors and new regulations are external forces outside its control.
- AChange in RBI repo rate
- BCompany's own vision, mission and organisational cultureCorrect
- CEntry of a foreign competitor in the market
- DNew environmental regulation by the government
Explanation
Vision, mission and culture lie within the firm and can be controlled by it, so they form the internal environment. The repo rate, competitors and regulations arise outside the firm and are external factors.
Did you get it right without looking?
One question tells you little. A timed set on Business Environment shows your real accuracy, how long you take and where you lose marks.
More Business Environment questions
- The 1991 economic reforms in India are commonly summarised by three terms. Which option lists them correctly?
- A textile exporter's managers classify the following four items in a SWOT exercise. Which classification is INCORRECT?
- Which of the following is a component of the micro (task) environment of a business firm rather than its macro environment?
- A company regularly scans newspapers, regulatory announcements and competitor activity to identify possible opportunities and threats before…
- Which of the following Indian initiatives is primarily aimed at encouraging domestic manufacturing by offering financial incentives linked t…
- In a SWOT analysis of an Indian two-wheeler manufacturer, which of the following would be classified as an opportunity?