Question

what is business environment ? Explain the important of business environment.​

Answer 1

☆Question:-

• what is business environment ? Explain the important of business environment.

☆Answer:-

☞Business environment:

• Business Environment means collection of all individuals, entities and other factors, which may or may not be under the control of the organisation, but can affect its performance, profitability, growth and even survival.

☞The important of business environment:

• In any business, it is important to be aware of the actions and strategies of your competitors. A business environment enables firms to analyze their competitors' strategies and actions.The reason is that most telecom organizations ensure that they are abreast of the strategies and actions of their competitors.

Answer 2

• Importance of Business Environment:-
• The environment provides numerous opportunities, and it is necessary to identify the opportunities to improve the performance of a business. Early identification gives an opportunity to an enterprise be the first to identify opportunity instead of losing them to competitors.