Explain the characteristics of business environment
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Characteristics of business environment
External forces,Business environment consists of all the forces,factors which are available outside the business and which the business sometimes has no control over them.
Complexity, business environment comprises of many factors which are related to each other, their individual effect on the business can not be recognized hence the reason why it makes it difficult for the business to realize them.
Business environment is compound in nature
Business environment is constantly changing process.
Business environment is very uncertain, meaning you can not predict or tell what will happen tomorrow whether it will be a profit or loss.
It has both short term and long term impact.
Relativity, business environment is related to the local condition and this is the reason why business environment happen to be different in different countries and different even in the same country at different places.
External forces,Business environment consists of all the forces,factors which are available outside the business and which the business sometimes has no control over them.
Complexity, business environment comprises of many factors which are related to each other, their individual effect on the business can not be recognized hence the reason why it makes it difficult for the business to realize them.
Business environment is compound in nature
Business environment is constantly changing process.
Business environment is very uncertain, meaning you can not predict or tell what will happen tomorrow whether it will be a profit or loss.
It has both short term and long term impact.
Relativity, business environment is related to the local condition and this is the reason why business environment happen to be different in different countries and different even in the same country at different places.
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1. Business environment is dynamic.
2. Business environment is Complex.
3. Business environment has long-term impact.
4. Business environment hits different firms differently.
5. Business Environment is difficult to forecast.
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