BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Air, water, climate, soil, natural vegetation and landforms are all environmental factors. By definition, the environmental factors affect everyday living, and play a key role in bringing health differences across the geographic areas.

Detailed explanation-2: -The operating environment of for-profit organizations includes customers, suppliers, and competitors. Other factors to consider may be interest groups such as trade unions (for unionized companies), consumer watchdog or advocacy groups, municipal, provincial, or federal government bodies, and other regulatory agencies.

Detailed explanation-3: -Ans: The 5 common types of business environments are-the technology environment, economic environment, social environment, market environment, and natural environment.

Detailed explanation-4: -A PEST analysis (or STEP analysis) invites you to list all the relevant external forces using four headings: Political, Economic, Sociological and Technological. These are useful headings; it doesn’t matter that some items might be both political and economic (eg taxation and exchange rates).