Question

define business environment and state its feactures.​

Answer 1

Answer:

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Explanation:

Definition of Business Environment is sum or collection of all internal and external factors such as employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc.

Answer 2

Answer:

business enviornment is the sum total of all things that are external to the firm and industry but affects its organizations and operations.

Explanation:

freatures of business enviornment are:-

1. totality of all external forces

2.general and specific forces

3.relativity

4.interrelatedness

5.uncertainity

6.complexity

7.multi-dimensional

8.non-controllable