What is business environment?
Understand the Problem
The question is asking for a definition or explanation of what constitutes a business environment, which includes the various internal and external factors that affect a business's operations and decision-making.
Answer
Business environment comprises all internal and external factors affecting a business's operations.
Business environment is the sum of all internal and external factors such as employees, customers, supply and demand, management, technological innovations, and market trends that affect a business's operations.
Answer for screen readers
Business environment is the sum of all internal and external factors such as employees, customers, supply and demand, management, technological innovations, and market trends that affect a business's operations.
More Information
The business environment includes a wide range of influences that affect an organization, such as technology, economic changes, government regulations, and social trends. It is dynamic and can differ significantly depending on the industry, geographic location, and the business itself.
Sources
- What Is a Business Environment? (With Types, Benefits and ... - Indeed - indeed.com
- Business Environment - Organizational Leadership Degree - organizationalleadershipedu.org
- What Is Business Environment? - Definition & Factors - Lesson - study.com
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