Question 46
Business Environment and Social Responsibility[box] → [box] → [box], labelled EXTERNAL ENVIRONMENT, INTERNAL ENVIRONMENT, EXTERNAL ENVIRONMENT.
Which of the following sequences can best fit into the structure above?
- A.People → control → ideas.
- B.Material → production → ideas.
- C.Finance → marketing → production.
- D.Material → production → product.
Show the answer and explanation
Answer: D (Material → production → product.)
Explanation
Inputs (materials) come from outside, are turned into goods inside the firm (production), and the product goes back out to the market.