Question

Which of the following correctly represents the composition of the business environment?

Options

• \[\text{Business Environment} = \text{Internal (your control)} + \text{External (not your control)}\]

• \[\text{Business Environment} = \text{Internal only (your control)}\]

• \[\text{Business Environment} = \text{Internal (your control)} - \text{External (not your control)}\]

• \[\text{Business Environment} = \text{Internal (not your control)} + \text{External (your control)}\]

Answer 1

The business environment is the sum of two components: the internal environment, which is within your control, and the external environment, which is not within your control. The control labels are fixed - internal means controllable and external means uncontrollable.