Question

State any two features of business environments

Answer 1

Answer:

The main features of business environment are:

All the external forces: Business Environment includes all the forces, institutions and factors which directly or indirectly affect the Business Organizations.

Specific and general forces: ...

Inter-relation: ...

Uncertainty: ...

Dynamic: ...

Complex: ...

Relativity:

Answer 2

Business environment basically refers to the overall combination of various factors and components that are directly or indirectly related with the main business operation of any company or business organization.

Explanation:

Features of business environment:-

• Business environment encompasses all the internal and external factors or components that directly or indirectly affect the main operational aspects of any business organisation.Some of the factors/components commonly include customers or clients,employees and staff,market factors such as demand and supply,factors/inputs of production,various supply chain agents such as suppliers or distributors,various business and financial policies undertaken by the government,technological inventions in business and so forth.
• The study of business environment is subjective or varies from individual to individual.For example,one business owner can perceive and analyze the surrounding business environment completely differently than any other.Hence,business environment analysis and subjective and contingent on different individual perspectives and perceptions.