Business functions in environmental
Answers
business functions always include technology as a main component
Answer:
Explanation:
Business environmental helps in identify business opportunities tapping useful resources assists in planning and improves the overall performance growth and profitability of the business there are various types of business environment like micro environment and macro environment .the term of business environment encompasses a lot more than one may think from the resources to the management of the resources all comes under the study of business functions
( 1) Micro environment the factors or element in the firm's immediate environment which affect its performance and decision making these elements include the firm's suppliers competitors marketing intermediaries customers and public.
(2)Macro environment A macro environment is the conditions that exists in the economy as a whole rather than in a particular sector or region . in general the macro environment includes trends in the gross domestic product (GDP) inflation employment spending and monetary and fiscal policy .