Question

explain 4 factors of business environment​

Answer 1

Answer:

Business is affected by different factors which collectively form the business environment. These include economic, social, legal, technological and political factors. Business environment is therefore, the total of all external forces, which affect the organization and the business operations (Kotler &Armstrong 2004).

Answer 2

Answer:

Business is affected by different factors which collectively form the business environment. These include economic, social, legal, technological and political factors. Business environment is therefore, the total of all external forces, which affect the organization and the business operations (Kotler &Armstrong 2004).

Explanation:

1. Environment Analysis-Political environment.2. Economic environment.3. Social environment.4. Technological environment.5. Legal environment.