Question

What is business environment? Explain it's components

Answer 1

Explanation:

Business environment encompasses all those factors that affect a company's operations and includes customers, competitors, stakeholders, suppliers, industry trends, regulations other government activities, social and economic factors and technological developments.

Answer 2

The various components of business environment are- External environment consists of those factors that affect a business enterprise from outside. ... On the other hand, macro external environment includes larger factors such as economic, demographic, technological, political, natural and cultural factors.

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