What major external business force to a significant extent determines what acceptable business practices are for the organization?
A)Customers
B)Suppliers
C)Governments
D)Shareholders
E)Society

Question

Quizplus · Accepted Answer

Society, including cultural and ethical norms, plays a significant role in determining acceptable business practices for an organization. As businesses operate within society, they are expected to follow ethical and legal guidelines that align with societal expectations. Failure to do so can result in negative consequences for the organization, such as a damaged reputation and loss of customers. Therefore, businesses must consider societal expectations when making decisions about their practices and operations. While other external forces such as customers, suppliers, governments, and shareholders also play a role in shaping acceptable business practices, society as a whole ultimately drives these expectations.

What Major External Business Force to a Significant Extent Determines