Business Environment and Analysis Quiz

According to Arthur M. Weimer, 'Business Environment' encompasses the climate or set of conditions, economic, social, political or institutional in which business operations are conducted.

According to William Gluck and Jauch, the external factors in the business environment include socio-economic conditions, technology, and political conditions.

Keith Davis defines 'Business Environment' as the aggregate of all conditions, events, and influences that surround and affect business.

<p>According to the text, 'Business Environment' means all of the internal and external factors that affect how the company functions including employees, customers, management, supply and demand, and business regulations.</p> Signup and view all the answers

<p>A characteristic of the business environment, according to the text, is that it is dynamic in nature and perpetually evolving, changing frequently due to various external forces such as economic, political, and social factors.</p> Signup and view all the answers