Question

What is international environment of business? How it effects on business?

Answer 1

Business is affected by different factors which collectively form the business environment. These include economic, social, legal, technological and political factors. ... Some of these forces affect the business directly but others affect business indirectly

Answer 2

The external business environment consists of economic, political and legal, demographic, social, competitive, global, and technological sectors. Managers must understand how the environment is changing and the impact of those changes on the business.