Podcast
Questions and Answers
What are the most important sectors influencing the business environment?
What are the most important sectors influencing the business environment?
Socio-economic, technological, supplier, competitors, and government.
Define business environment.
Define business environment.
The sum total of all factors external to the business firm that greatly influence their functioning.
Why is the business environment considered dynamic?
Why is the business environment considered dynamic?
It keeps on changing and the changes are unpredictable.
How does the business environment vary?
How does the business environment vary?
What is the importance of the business environment?
What is the importance of the business environment?
Explain the interaction between business and its environment.
Explain the interaction between business and its environment.
What are some factors and forces included in the business environment?
What are some factors and forces included in the business environment?
Why is it difficult to predict the changes in the business environment?
Why is it difficult to predict the changes in the business environment?
How does the business environment impact the business firm?
How does the business environment impact the business firm?
What makes the business environment multifaceted and complex?
What makes the business environment multifaceted and complex?
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