13. Discuss the features of Business Environment.
Answers
Answer:
Features of Business Environment
The business environment is the total of all factors external to the business firm, and that greatly influences their functioning. It covers factors and forces like customers, competitors, suppliers, government, and social, cultural, political, technological, and legal conditions.
Answer:
Just like us, business operations do not survive in confinement. Every enterprise is not an island to itself; it subsists, endures and develops within the circumstances of the part and forces of its situation. While an individual enterprise is able to do minute to change or manage these forces, it has no choice to reacting or modifying according to them. Good knowledge of the environment by business managers allows them not only to recognise and assess but also to respond to the forces outside to their enterprises.
Explanation:
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