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Which of the following statements is incorrect? -

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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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