Questions and Answers
What is the term used to refer to the sum total of all individuals, institutions, and other forces that lie outside a business enterprise but may influence its functioning and performance directly or indirectly?
Business Environment
How is a business enterprise related to its environment?
It continuously interacts with its environment
What are some examples of groups that influence the working of a business?
Customers, Suppliers, Competitors, Banks and Other Financial Institutions, Government Agencies, Media
What are the inputs that a business enterprise takes from its environment?
Signup and view all the answers
What does the term 'business environment' encompass?
Signup and view all the answers
What is the term used to describe the various groups that influence the working of a business?
Signup and view all the answers
What does the term 'business environment' encompass?
Signup and view all the answers
How does a business enterprise interact with its environment?
Signup and view all the answers
What is the feature of business environment?
Signup and view all the answers
What is a business enterprise considered as?
Signup and view all the answers
