what affects all the forms of industry equally and in directly
Answers
Answer:
Business environment is the sum total of all individuals, institutions and other forces like customers, competitors, suppliers, distributors.
Business Environment means a collection of all individuals, entities and other factors, which may or may not be under the control of the organisation, but can affect its performance, profitability, growth and even survival. Every business organisation operates in a distinctive environment, as it cannot exist in isolation. Such an environment influence business and also gets affected by its activities.
Dynamic nature:
Business environment is dynamic as it keeps on changing. It is not static and its components are highly flexible, e.g technological improvements, increase in competition, etc.
Uncertainty:
Business environment is uncertain as it is difficult to predict future happenings when environment changes are taking place frequently.