BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economic Environment
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Social Environement
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Technological Enrionment
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All of the above
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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: -Five key dimensions of business for post-growth economic transformations are identified. The dimensions are: relationship-to-profit; incorporation structure; governance; strategy; and size and geographical scope. These five dimensions are presented in one coherent framework.
Detailed explanation-3: -A dimension represents business information that is needed and used by the enterprise to define the axes on which measures are analyzed in the context of an analytical requirement. Dimensions are the basis for defining enterprise dimensions in the data models.
Detailed explanation-4: -The components of a business environment can be media, customers, government, economic conditions, suppliers, competitors etc.