Please answer this question. It's very urgent.
Answers
1.Meaning of Business Environment
Business environment is the totality of all external forces that are affecting the performance of business, viz general forces (economic, social, political, legal and technology) and specific forces (investors, customers, competitors and suppliers).
2. Features of Business Environment
Dynamic nature
Uncertainty
Totality of external forces
Includes specific forces and general forces.
Inter-relatedness
Relativity
Complexity
3. Importance of Business Environment
First mover advantage
Warning signals
Tapping useful resources
Coping with rapid changes
Planning and policy formation
Helps in improving performance
4. Dimensions of Business Environment
Economic environment It consists of economic factors that influence the business in a country. It consists of the factors and forces concerning with means of production and distribution of wealth, e.g. Gross Domestic Product, inflation rate, money supply, etc.
Social environment It describes the characteristics of the society in which theorganisation exists. The social environment consists of customs and traditions, social trends, values, etc. –
Political environment It is the outcome of a combination of various ideologies advocated by different political parties. It includes political conditions such as general stability and peace in the country and the political attitude of elected government towards business.
Legal environment It consists of legislation that is passed by the Parliament and state legislatures. Legal environment consists of the legal framework within which business has to function, including legislation passed by the government, administration orders, court judgement, etc.
Technological environment It includes forces relating to scientific improvements and innovations, which provide new ways of production of goods and services and new methods and techniques of operating a business.
Answer:
I think 34 is the answer..
Explanation:
am I right?
