Question

What constitutes general environment of business?

Answer 1

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⭐⭐⬅️ Answer ➡️➡️➡️➡️

general environment. The factors and conditions (such as economic, legal, political, and social circumstances) that generally affect everyone in an industry or market in more or less similar manner.

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Answer 2

The external business environment is made up of two environments. The general environment, which includes an array of external influences, such as the environment, technology, economic conditions, demographics, socio-cultural forces, and political or legal factors.