BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Legal Environment.
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Technological Environment.
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Economic Environment.
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Social Environment.
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Detailed explanation-1: -There are 5 dimensions to business environment. These are economic, social, legal, political and technological.
Detailed explanation-2: -Dimensions of or the agents forming the business environment involve economic, social, legal, technological and political circumstances which are contemplated properly for decision-making and enhancing the achievement of the trading concern.
Detailed explanation-3: -Dimensions of the business environment include economic, social, technological, political and legal conditions which are considered relevant for decision-making and improving the performance of an enterprise. Economic Environment comprises of factors that can affect management practices ina business enterprise.
Detailed explanation-4: -All illegal activities do not come under the dimensions of a business environment.