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Question
Which of the following statements is incorrect?
Options
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
MCQ
Solution
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.
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