What do you understand by business environment?
Answers
SOLUTION :
Business environment refers to the sum total of factors and institution that operate outside the business enterprise , but may affects its performance. Business environment consists of factors that influences many enterprises at the same time.
These factors are categorised as social, economic, political ,legal and technological environment which are considered relevant for decision making and improving the performance of enterprise.
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Answer:
The definition of business environment means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand and business regulations. An example of a part of a business environment is how well customers' expectations are met.