The macro-environmental forces and trends which are a constraint on business operations are referred to...
COMMERCE
JAMB 2023
The macro-environmental forces and trends which are a constraint on business operations are referred to as
- A. internal factors
- B. technological factors
- C. economic factors
- D. external factors
Correct Answer: D. external factors
Explanation
External factors of business environment refer to those factors outside the purview of the organization's control that can affect the business, its operations, profits, etc. These factors further impact the internal forces in an organization to a great extent. The effects can be positive or negative.
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