Definitions [2]
Definition: Business Environment
- Bayard O. Wheeler:
“The total of all things external to a firm and industries that affect its organization and operations is called the Business Environment.” - William F. Glueck:
“Business Environment is the process by which strategists monitor economic, governmental, market, supplier, technological, geographic, and social settings to determine opportunities and threats to the firm.” - Barry M. Richman & Melvyn Copen:
“Environmental factors or constraints are largely, if not entirely, external and beyond the control of individual enterprises.”
Definition:Tax
A tax is money that people and businesses must pay to the government. The government uses this money to pay for things like schools, hospitals, roads, defense, and other public services.
