BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Environment literally means the surroundings, external objects, influences or circumstances under which someone or something exists. The environment of any organisation is “the aggregate of all conditions, events and influences that surround and affect it".

Detailed explanation-2: -The external environment, also known as the macro environment, is out of the control of an individual business. Factors like competition, market, economic, demographic, and environmental factors all play a role in the external environment of an organisation.

Detailed explanation-3: -Macroenvironment refers to the general external factors that impact the whole economy, which the business has no control over. These factors are economic, political, legal, sociological, environmental, and technological factors.

Detailed explanation-4: -External factors include political, economic, sociocultural, technological, environmental, and legal factors. Internal factors include things like values, management styles, Human Resources, technological and physical resources, and organizational structure.