BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Detailed explanation-1: -There are four key steps that must be followed in completing a business environment analysis report. These key steps include analyzing environmental factors, considering how to monitor these factors, analyzing the impact of these factors, and developing strategies to keep up with these factors.
Detailed explanation-2: -Ans: The 5 common types of business environments are-the technology environment, economic environment, social environment, market environment, and natural environment.
Detailed explanation-3: -A business environmental analysis report gathers and examines information about factors and conditions outside of a business. Typically, these reports focus on issues, trends, and factors that managers are unable to control. Reports assess how these external factors may help or hinder a business.