Very Short Question Answer 1. Enlist the components of political environment. Political environment includes various components which are mentioned below: Political ideology Constitution Political parties Government and its branches: Legislation, Executive & Judiciary 2. What is political ideology? Political ideology may be defined as a set of ideas, principles, and philosophy. It offers some political […]
Chapter 1: Introduction to Business Environment
Very Short Questions Answers 1. Define business environment. Business environment is combination of all the factors that influence a business activity. It consists of the internal and external forces prevalent in the environment, which have a bearing on the development, performance and outcomes of a business organization. 2. Define task environment. Task environment refers to […]