Question

Explain 5 ways in which external business environment may negatively affect business operation.​

Answer 1

Answer:

Weather and season. In India there is slump in monsoon due to bad weather to around, farmers are engaged in agriculture and financial reserve are low.. Ellsworth Huntington in his CIVILIZATION AND CLIMATE (1915; rev. ed. 1924) showed that business cycles follow the rhythm of season and climatic ups and down. Distance, in spite of due to communication technology and transport, the world is called a global village, even then it still remains a vital factor in trade and business. Distribution of population, resources and climate variation all bear on production cost, market and type of produce having impact on business.

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