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Define business environment

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Define business environment

Posted by Mohit Bhatia 6 years, 4 months ago

CBSE > Class 12 > Business Studies

2 answers

Shreya Vishwakarma 6 years, 3 months ago

Environment in which business exist

0Thank You

Naveen Sharma 6 years, 4 months ago

The definition of 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. An example of a part of a business environment is how well customers' expectations are met.

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Sushil is running a business enterprise producing handloom and handicraft products in Maharashtra under the name 'Fabmart Enterprises'. He has employed 1,000 craftsmen and artisans in his firm. The basic reason for its existence is to produce those handicraft items which have a market demand & are reasonably priced. He performs all the functions of management all the time with the help of his managers. He is working with a team of individuals who have diverse needs and goals. He along with his marketing experts conducts market survey to know the tastes and preferences of consumers. Thus he adapts to changing environment and produces goods according to the needs of the customers. The employees working in his firm are happy and satisfied, and there is orderliness instead of chaos. Identify any five features of management from the above para. Also quote lines that denote these features (5 marks)

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CBSE > Class 12 > Business Studies

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Features od motivation

Posted by Devansh Nagar 1 month, 4 weeks ago

CBSE > Class 12 > Business Studies

2 answers

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Posted by Vidit Sisodia 3 weeks, 6 days ago

CBSE > Class 12 > Business Studies