BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Environment consists of a number of factors, events, conditions and influences arising from different sources which impact business thus making the business complex. 2. Interdependence: The environment of the business is made of social, economic, legal, cultural, technological, and political factors.

Detailed explanation-2: -Internal Environment: It includes all the factors that are well within the control of a company. These factors are relatively predictable and can be worked on by the company to eliminate forces that negatively impact its operations.

Detailed explanation-3: -An external environment is composed of all the outside factors or influences that impact the operation of business. The business must act or react to keep up its flow of operations. The external environment can be broken down into two types: the micro environment and the macro environment.

Detailed explanation-4: -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-5: -Business environment refers to all the factors that have a direct or indirect bearing on the activities of the business. The business environment can be internal or external. The internal environment consists of factors within the organisation. The external environment refer to external environmental factors.