Question

what do you mean by business enviorment ? what are factors affecting for business decision 15 Mark's question
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Answer 1

Answer:

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.

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

Business Objectives / Budgets.

Organizational Structure - Who Makes the Decisions?

Attitude to Risk.

Availability & Reliability of Data.

The External Environment.