BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Both business and environment have influence over each other. They share a symbiotic relationship. Success of the business lies in understanding the environmental changes and adapting the business policies accordingly. There is a mutual interdependence between business and its environment.

Detailed explanation-2: -The basic function of a business enterprise, input-output conversion, is carried through active interaction with the environment. It receives inputs from the environment, converts them into outputs through productive facilities which are also receive from the environment and sends them back to the environment.

Detailed explanation-3: -The intersection between environment and culture is undeniable, from agriculture to art to the industries and professions that dominate different societies.

Detailed explanation-4: -The major environmental factors in business are technological factors, economic factors, social factors, political factors and cultural factors.