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What is Meant by Business Environment? - Business Studies

Short Note

What is meant by business environment?

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Solution

Business environment refers to all the external forces including economic, political, social, technological and legal that affect the performance of a business organisation. It is the sum total of all the individuals, the control of a business enterprise but has the power to affect its performance.

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APPEARS IN

NCERT Class 12 Business Studies Part 1 - Principles and Functions of Management
Chapter 3 Business Environment
Very Short Answer | Q 1 | Page 90
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