Question

What is Business Environment

Answer 1

Business environment is all the factors that can impact your business. It’s usually related to everything external to your companies:

•Regulation

•Consumer Index

•Economic Growth

•Technology Adoption

The business environment will impact greatly your business. New regulations will limit or expand your growth.

Let’s say for example “Cloud Technologies”. New regulations are pushing companies to store Citizen data in their own country - Linkedin had to shut down operations in Russia.

I hope it will help you

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Answer 2

Factors that affect a firm's ability to build and maintain successful customer relationships.