The term business environment connotes external forces, factor and institution that are beyond the control of the business and they affect the functioning of a business enterprises. In the light of the given statement explain the factor affecting business decision.
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The term 'business environment' connotes external forces, factors and institutions that are beyond the control of the business and they affect the functioning of a business enterprise. These include customers, competitors, suppliers, government, and the social, political, legal and technological factors etc.
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