Question

Which of the following statements is incorrect?

विकल्प

• Business environment is a relative concept.

• Business environment is the sum total of all things internal to business firms.

• Opportunities refer to the positive internal trends or changes that will help a firm to improve its performance.

• None of the above

Answer 1

Business environment is the sum total of all things internal to business firms.

Explanation - 

The word "business environment" refers to the whole of all personnel, institutions, and other influences that are beyond a company's control but may have an impact on its success.