Question

Define business environment and its components

Answer 1

The various components of business environment are– (i) External Enviornment (ii) Enternal Environment. External Enviornment : Externalenvironment consists of those factors that affect a business enterprise from outside. ... External environment is generally classified into microenvironment and macro environment.

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Answer 2

The definition of business environment means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand and businessregulations. An example of a part of abusiness environment is how well customers' expectations are met.

The various components of business environment are– (i) External Enviornment (ii) Enternal Environment. External Enviornment : Externalenvironment consists of those factors that affect a business enterprise from outside.

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