Question

what do you mean by business enviorment ? what are factors affecting for business decision​

Answer 1

answer1)

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

answer2)

The approach taken to making business decisions is influenced by a variety of factors, the key ones of which are outlined below:

1)Business Objectives / Budgets.

2)Organisational Structure - Who Makes the Decisions?

3)Attitude to Risk.

4)Availability & Reliability of Data.

5)The External Environment