810-440 · Question #238
Which two factors are examples of business influences? (Choose two.)
The correct answer is B. external D. internal. Business influences are broadly categorized into internal factors, which are inherent to and typically controllable by the organization, and external factors, which originate from the environment outside the organization. Both types significantly impact business operations and…
Question
Which two factors are examples of business influences? (Choose two.)
Options
- Avision
- Bexternal
- Cresource
- Dinternal
- Estrategy
How the community answered
(30 responses)- A3% (1)
- B93% (28)
- E3% (1)
Why each option
Business influences are broadly categorized into internal factors, which are inherent to and typically controllable by the organization, and external factors, which originate from the environment outside the organization. Both types significantly impact business operations and strategic decisions.
Vision is a statement of what the organization aspires to be in the future; it's an outcome or a guiding principle, not a broad category of influence itself.
External factors, such as market trends, competition, regulations, economic conditions, and technological advancements, are business influences originating outside the organization that impact its operations and strategic decisions. These are beyond the direct control of the business.
Resource is a specific type of internal factor or constraint, not a broad overarching category of business influence comparable to 'internal' or 'external.'
Internal factors, such as organizational culture, available resources (human, financial, technological), operational processes, and existing capabilities, are business influences originating within the organization that affect its performance and strategic choices. These are generally within the business's control.
Strategy is a plan of action designed to achieve a long-term or overall aim, which is developed in response to influences, rather than being a category of influence itself.
Concept tested: Internal and external business influences
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