Search what fo you mean by business environment ? Exlain any four charactetistics of it.
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Business Environment Defined. Business environment is the sum total of all external and internal factors that influence a business. You should keep in mind that external factors and internal factors can influence each other and work together to affect a business
The five elements in the business environment are the economic and legal environment, the technological environment, the competitive environment, the social environment, and the global business environment (Nickels, McHugh & McHugh, 2016).
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