What is business environment and what are the factors affecting business environment?
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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.
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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.
important factors of Business Environment and their Influence on Business
Geographical and Ecological or Natural Factors.
Demographic Environment.
Economic Environment. Economic Systems. ...
Political and Legal Environment.
Social and Cultural Environment.
Physical and Technological Environment.
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