Question

How does environment play an important role for entrepreneurship?

Answer 1

Explanation:

Importance of Environment. Sensitivity to environmental factors is crucial for an entrepreneur. ... Environment also play an important role in the success and growth of an existing enterprise. If a company is able to adapt to its environment, it would succeed in the long-run.

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Answer 2

Answer:

Environmental plays a crucial role in setting up of an enterprise because of the influence of various environmental factors as described below:

1. Development and institutional factors

2. Economic factors

3. financial factors

4. Social and cultural factors

5. political factors

6. Legal factors

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