nature and scope of business environment
Answers
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Explanation:
Nature of Business Environment. Business environment consists of the external forces which affect the functioning of a business enterprise. ... These include economic, political, social, technological and global or international forces as of the business enterprises are not influenced directly by the general forces.
Scope refers to the combined objectives and requirements needed to complete a project. ... That's what makes scope management such an important part of business—it saves both time and money. There are generally two different types of scope in project management. These are project and product scope.
Answer:
Business environment encompasses all those factors that affect a management of a company and its operations which includes its important elements customers, suppliers, competitors, stakeholders. Dynamic – business has to be dynamic to cope up with the changing and competitive environment.
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