Question

$\huge\fbox\color{pink}{❥Question}$

what is meant by ʙᴜsɪɴᴇss ᴇɴᴠɪʀᴏɴᴍᴇɴᴛ ?​

Answer 1

Answer:

The term business environment means the sum total of all individuals, institutions and other

forces that are outside the control of a business enterprise but that may effect its performance.

• The economic, social, political, technological and other forces, which operate outside a

business enterprise, also form part of the business environment.

• The organisation must be aware of the external forces and institutions and must be

dynamic to adapt itself to the changing external environment.

• The organisation must set goals and formulate plans and procedures based on the

changing external business environment

Answer 2

The definition of business environment means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand and business regulations. An example of a part of a business environment is how well customers' expectations are met.

Hope it helps

inbox ✌✌✌