Question

Write short note on relationship of business and environment.

Answer 1

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Relationship between Environment and Business

Environment is closely related with business. There is a constant ‘give and take’ relationship between environment and business. The business receives inputs, information and technology from the environment and gives it back in the form of outputs (goods and services).

If these outputs are accepted by the environment, the environment-business interaction continues but if they are unacceptable to the environment, firms adapt to the environmental requirements and change their operations.

The organisation has to look after the interest of stakeholders like shareholders, consumers, workers, suppliers etc. The environment also offers threats and opportunities to which organisations have to respond positively.

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Answer 2

Relationship between business and environment:

                                       Environment is thoroughly associated with business. There is a continuous exchange connection between environment and business. The business obtains inputs, information and expertise from the environment and offers it back in the form of outputs (goods and facilities).

If these yields are acknowledged by the environment, the environment-business interaction remains but if they are undesirable to the environment, firms adapt to the environmental necessities and change their processes.

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