Importance of indian business environment in business environment
Answers
Answered by
6
HEY FRND ..☺☺☺☜☜☛☛⛤⛤
⛤⛤☛☛☛⛤☺☺Understanding Future Problems and Prospects: The study of business environment enables to understand future problems and prospects of business in advance. This enables business organizations to face the problems boldly and also take the benefit of favorable situation.
⛤⛤☛☺Making Business Socially Acceptable:Environment study enables businessmen to expand the business and also make it acceptable to different social groups. Business organizations can make positive contribution for maintaining ecological balance by studying social environment.
⛤☛☺Ensures Optimum Utilization of Resources: The study of business environment is needed as it ensures optimum use of resources available. For this, the study of economic and technological environment is useful. Such study enables organization to take full benefit of government policies, concessions provided, and technological developments and so on.
⛤⛤☛☺Maintaining adaptability to changes:Business environment guides the business organization about socio-economic changes & the organization must accordingly adapt these change. This enables the business organization to survive for a longer period
⛤⛤☛☛☛⛤☺☺Understanding Future Problems and Prospects: The study of business environment enables to understand future problems and prospects of business in advance. This enables business organizations to face the problems boldly and also take the benefit of favorable situation.
⛤⛤☛☺Making Business Socially Acceptable:Environment study enables businessmen to expand the business and also make it acceptable to different social groups. Business organizations can make positive contribution for maintaining ecological balance by studying social environment.
⛤☛☺Ensures Optimum Utilization of Resources: The study of business environment is needed as it ensures optimum use of resources available. For this, the study of economic and technological environment is useful. Such study enables organization to take full benefit of government policies, concessions provided, and technological developments and so on.
⛤⛤☛☺Maintaining adaptability to changes:Business environment guides the business organization about socio-economic changes & the organization must accordingly adapt these change. This enables the business organization to survive for a longer period
Answered by
0
Importance of Indian business environment in business environment is follows:
- The operating situation of company is influenced by the both internal factor and external factors.
- The factors like suppliers, clients, owners, competition, activities and law of government, technology development, market and trends are included in business environment.
- Important features of Indian business environment are low level of technology, trady flow in case of foreign investment, Lack of diversification, capital formation on poor rate, income in low level.
- Co-existence of private sector and public sector is also an important in Indian business environment.
Similar questions