Question

_______environment has direct and indirect impact on the working of business firms ​

Answer 1

Answer:

Industrial environment has direct and indirect impact on the working of business firms

Answer 2

• The business environment has direct and indirect impacts on the working of the business firms.
• It is the sum total of all internal and external factors which affect the working of the organization.
• It includes employees customers, managers, suppliers, government technology, market trends, and economic changes.
• The business environment can be used in a positive way for the success of the organization.
• It helps to identify the upcoming opportunities and get the first-mover advantage.
• It can also help the firm to assemble resources and identify the thread by the early warning signals.