Question

Justify the following statements.
1) External factors of business environment are beyond co
2) Business firm should be aware of the changes in society
3) Political stability builds up confidence among business
4) Economic environment has direct influence on business
5) Social trends provide business opportunities.
6) An adequate knowledge of rules and regulations
performance.​

Answer 1

Answer:

2. Business firm should be aware of changing trends and preferances of the society so that it might be helpful in increasing the demand of their products which would help them earn more profit and faith of the customers.