Question

explain with example the difference between general and specific environment​

Answer 1

Features of business environment (i) Totality of External Forces Business environment is aggregative in nature as it is the sum total of all things external to business firms. (ii) Inter-relatedness Different elements of business environment are closely related to each other, e.g., increased awareness of health care have increased the demand for many health products. (iii) Dynamic Nature The business environment is highly dynamic keeps on changing. Sometimes there is a change in technology tastes and preference of consumer etc. (iv) Uncertainty The environment cannot be predicted. It is highly uncertain and unpredictable. (v) Complexity Since there are many elements of business Environment and they are inter-related and dynamic in nature Therefore, it becomes very difficult to understand them as a whole. Difference between Specific and General Environment There are two types of forces operating in business environment specific and general Specific forces affect the individual enterprises directly and immediately e.g., customers, suppliers. General forces affect the firms and only indirectly e.g., social conditions in political conditions.

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Answer 2

Answer:

The company environment is defined as the totality of institutions and circumstances that exist outside of the business enterprise yet may have an impact on its success. The business environment is made up of elements that simultaneously affect many different businesses.

It includes social, political, economic, legal, and technical elements that have a big impact on how a business operates. Examples include changes in taxation, fashion, customer tastes, greater competition, etc.

Explanation:

• The business situation is the culmination of all external forces, including customers, the government, and the people. These have an impact on company execution, both positively and negatively.
• The different forces that influence the state of business are interconnected. The corporate situation is impacted by this entombed relationship.
• Since the state of business is always changing, it is by definition dynamic. As we observe shifting trends in consumer behavior, innovation, and administrative methods, this can be explained.
• The state of the company is up for debate. It is difficult to predict changes in market factors without any difficulty. There is a vulnerability as a result.
• The overall state of all associated, distinct abilities in business. As a result, it is somewhat unexpected and challenging to understand. Every factor, including social, political, mechanical, and others, has an impact on how the relationship is presented. Learning the specific effects of the many different abilities may be challenging, and determining their combined effects is frequently challenging as well.
• Every area's business condition changes, hence it is relative. Because the forces that determine the notion of business condition are dynamic in nature and therefore vary by location, there is a wide range of business conditions.
• Explicit conditions are regarded as the external forces that actively participate in the direct operation of an organization. These rights are specifically granted to a certain organization or business.

Difference between specific and general environments:

Specific environment :  

• It affects individual enterprises directly.
• Investors, customers, competitors, and suppliers are examples of a specific environment.

General environment :  

• It has an impact on all business enterprises.
• social, political, legal, and technological conditions are examples of the general environment.

Final Response

The term "business situation" refers to the whole of the significant number of forces (outer, premises, and people) that are not under the authority of a business organization. The powers being discussed here might have diverse natures, such as social, economic, political, legal, or mechanical. Although the association has no control over these kinds of talents, it may influence how they are shown in either a good or bad way.

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