Question
What are the components of internal environment? Write any six.
Solution
Internal environment includes all those factors which influence business and which are present within the business itself. These factors are usually under the control of business. The study of internal factors is really important for the study of internal environment. These factors are:
(i) Objectives of Business,
(ii) Policies of Business,
(iii) Production Capacity,
(iv) Production Methods,
(v) Management Information System,
(vi) Participation in Management.
