BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which environment should be the first step we must check before we do business?
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Internal Environment
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External Environment
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Explanation:
Detailed explanation-1: -Internal analysis of the environment is the first step of environment scanning. Organizations should observe the internal organizational environment.
Detailed explanation-2: -1. Collection of necessary Information. Collection of necessary information is the first stage in the process of business environment analysis. It involves the observation of various factors prevailing in a particular area also.
Detailed explanation-3: -Scanning the environment to detect warning signals. Monitoring specific environmental trends. Forecasting the direction of future environmental changes. Assessing current and future environmental changes for their organizational implications.
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