Which of the following can be referred as external factors affecting a business environment?

Controllable factors
Uncontrollable factors
Relevant factors
Global factors

The correct answer is: B. Uncontrollable factors

Uncontrollable factors are those that are beyond the control of a business. They can include economic conditions, political stability, social trends, and technological advancements. These factors can have a significant impact on a business’s operations and profitability.

Controllable factors are those that a business can influence or control. They can include things like marketing strategy, pricing, and product development. By understanding and managing these factors, businesses can improve their chances of success.

Relevant factors are those that are important to a business’s success. They can include things like customer needs, competitor activity, and industry trends. By understanding and responding to these factors, businesses can stay ahead of the competition.

Global factors are those that affect businesses all over the world. They can include things like trade agreements, currency fluctuations, and natural disasters. These factors can have a significant impact on businesses that operate in multiple countries.

In conclusion, the correct answer is B. Uncontrollable factors. These are factors that are beyond the control of a business and can have a significant impact on its operations and profitability.

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