Question

Wat is external business

Answer 1

Answer:

The external environment is the factors outside a business that can affect its operation by influencing its activities and choices and determine its opportunities and risks.

Explanation:

An external environment is composed of all the outside factors or influences that impact the operation of business. The business must act or react to keep up its flow of operations. The external environment can be broken down into two types: the micro environment and the macro environment.