What do you understand by business environment?
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The combination of internal and external factors that influence a company's operating situation. Thebusiness environment can include factors such as: clients and suppliers; its competition and owners; improvements in technology; laws and government activities; and market, social and economic trends
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hey!
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business environment means the sum total of all individuals institutions and other forces that are outside the control of a business enterprise but that may affect its performance.
- The economic social political technological and other forces which operate outside the business enterprise are part of its environment.
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