3) Why business environment is called relative?
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Business environment is relative in nature. It differs from region to region. For example, political conditions, religious beliefs, government rules and policies differ from one region to another.
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Explanation:
business environment refers to all the external forces such as economic social political technological or legal that affects the performance of a business organisation in other words everything that is outside the purview of an organisation but affects its performance composes business environment. in business environment is relative in nature It differs from region to region
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