BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Environments
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Business contacts
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Business Environments
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Business Conditions
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Detailed explanation-1: -Business environment is the sum total of all external and internal factors that influence a business. You should keep in mind that external factors and internal factors can influence each other and work together to affect a business.
Detailed explanation-2: -Business Environment-Definition, Components, Dimensions & Examples.
Detailed explanation-3: -Business environment is the sum totals of all factors external to the business firm and that greatly influence their functioning. It covers factors and forces like customers, competitors, suppliers, government, and the social, cultural, political, technological and legal conditions.
Detailed explanation-4: -Ans: The 5 common types of business environments are-the technology environment, economic environment, social environment, market environment, and natural environment.