types of business environment??
Answers
Answer:
Business Environment - This refers to the internal and external factors of the running business which impact it on either way. A business organization including different parties like suppliers, customers, employees, government, and society's culture.
Types of business environment -
Political and legal environment refers to the mindset of the ruling parties and the legal ideas about the business can impact the business at a scale.
The social and cultural environment - The business exists in society is also affected by the customer and their mindset, how they perceive the available products and it's working.
Technology Environment - This refers to the awareness of the technology of the business while being in society is tells how advance firms working and mindset is.
Demographics Environment - The physical composition of the area and it's climatic conditions bring a large scale of the variation in the demand and the needs of the business.