What do you mean by business environment?
Answers
Answered by
3
Business environment is the sum total of all external and internal factors that influence a business. You should keep in mind that external factors and internal factors can influence each other and work together to affect a business. For example, a health and safety regulation is an external factor that influences the internal environment of business operations. Additionally, some external factors are beyond your control. These factors are often called external constraints. Let's take a look at some key environmental factors.
Answered by
2
Answer: It refers to the forces and situations outside the firm with its members must deal to achieve the organization's purpose. It is classified into two major categories : -
1. Economic Environment.
2. Non-economic Environment.
Similar questions