Question

Give four salient features of business.​

Answer 1

Answer:

The main features of business environment are:

1. All the external forces:

Business Environment includes all the forces, institutions and factors which directly or indirectly affect the Business Organizations.

2. Specific and general forces:

Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly.

3. Inter-relation:

All the forces and factors of Business Environment are inter-related to each other. For example with inclination of youth towards western culture, the demand for fast food is increasing.

4. Uncertainty:

It is very difficult to predict the changes of Business Environment. As environment is changing very fast for example in IT, fashion industry frequent and fast changes are taking place.

Explanation:

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Answer 2

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The main features of business environment are ↷

1.$All$$the$$external$ $forces[/tex</strong>]:</h3><p>Business Environment includes all the forces, institutions and factors which directly or indirectly affect the Business Organizations.</p><p></p><h3><strong>2. [tex]Specific$$and$$general$$forces:[/tex</strong>]</h3><p>Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly.</p><p></p><h3><strong>3. [tex]Inter-relation:$

All the forces and factors of Business Environment are inter-related to each other. For example with inclination of youth towards western culture, the demand for fast food is increasing.

4. $Uncertainty:$

It is very difficult to predict the changes of Business Environment. As environment is changing very fast for example in IT, fashion industry frequent and fast changes are taking place.