Microenvironment False Statements

Management tasks include passionate visionary and innovation.

The finance department sources and buys goods and services needed by all the departments in the business.

Factors of production include natural resources, capital, planning, entrepreneurship.

Fixed capital is used to purchase trading inventory and to pay creditors.

The public relations department is responsible for collecting and processing data into information.

General management is about identifying and monitoring the risks that the business is exposed to.

Business traditions refers to the values and beliefs in the business.

Business resources are there to give direction to the different functions and create a framework in which all business functions operate.

An entrepreneurial structure will help the employees understand the role that each employee plays and the channels of communication to follow.

An important task of the production department is to conduct market research.