What is environment ? Explain various factors affecting business environment.
Answers
Answer:
These include economic, social, legal, technological and political factors. Business environment is therefore, the total of all external forces, which affect the organization and the business operations (Kotler &Armstrong 2004).
Answer:
Business is run for production and distribution of the materials. While running such businesses there are some effects on environment. Many business forms are near of the settlement areas and have adverse effects on the people and animals there. The environment is polluted. There is sound pollution, soil pollution, water pollution, air pollution etc. The natural resources are used for fulfilling the demand of businesses and factories by which these are destroyed as well. Many water animals are affected as well. While running the business, such things need to be considered by a business person. Business forms should be far from the settlement areas.