Share
Notifications

View all notifications

What is Meant by 'Business Environment'? - Business Studies

Login
Create free account


      Forgot password?
ConceptConcept of Business Environment

Questions

What is meant by 'business environment'?

Explain the concept of 'Business Environment'

Solution 1

A business environment refers to the aggregate of external conditions, events and resources which are outside the control of a business but interacts with it and affects its performance. For example, change in taste and preferences of consumers, change in government policies, change in political scenario, change in legal polices, all make up the business environment.

Solution 2

A business environment refers to the aggregate of external conditions, events and resources which are outside the control of a business but interacts with it and affects its performance. For example, the business environment includes changes in preferences of consumers, government policies, political scenarios and legal polices.

  Is there an error in this question or solution?

Video TutorialsVIEW ALL [1]

Solution What is Meant by 'Business Environment'? Concept: Concept of Business Environment.
S
View in app×