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Business environment includes

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Business environment includes

    • Posted by Abhi Patel 4 years, 5 months ago

    CBSE > Class 12 > Business Studies
    • 1 answers

    Meghna Thapar 4 years 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.  The external business environment consists of economic, political and legal, demographic, social, competitive, global, and technological sectors.

    5 Major Components of Business Environment | Business Studies

    • (i) Economical Environment: ...
    • (ii) Social Environment: ...
    • (iii) Political Environment: ...
    • (iv) Legal Environment: ...
    • (v) Technological Environment:

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    Relo Ltd. is laptop manufacturing company. The company decides to enter into refrigerator manufacturing industry. The compathahasa committed top management. It knows that there are various challenges in the market where its decisions regarding the new industry might fail Still the top management doesn't want to waste a lot of resources on its plans. It knows that sometimes plans take more time in making than getting implemented. However, the company wants to proceed with a positive approach. It has decided to study all the aspects of its competitors, to set all its objectives and to allocate the required resources. The company did well in its previous business. At that time, they took planning very seriously as they knew everything the company would do had to be based on concrete plans. The company will start its operations from next month. Q. (i) Identify and explain the function of management that has been discussed in the above case? (ii) Identify and explain the limitations of the function identified in above (i)

    • Posted by Deexita Swarnkar 4 months ago

    CBSE > Class 12 > Business Studies
    • 0 answers
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    Posted by Yuvraj Singh 4 months, 2 weeks ago

    CBSE > Class 12 > Business Studies
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    This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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    Posted by Naina Mishra 4 months, 2 weeks ago

    CBSE > Class 12 > Business Studies
    • 0 answers
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    • Posted by Shreya Mishra 4 months, 1 week ago

    CBSE > Class 12 > Business Studies
    • 2 answers
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    Posted by Vanshika Nandwani 4 months, 2 weeks ago

    CBSE > Class 12 > Business Studies
    • 0 answers
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    • Posted by Anshika Aggarwal 5 months ago

    CBSE > Class 12 > Business Studies
    • 1 answers
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    • Posted by Deexita Swarnkar 4 months ago

    CBSE > Class 12 > Business Studies
    • 0 answers
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    • Posted by Gautam Singhal 4 months, 3 weeks ago

    CBSE > Class 12 > Business Studies
    • 0 answers
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    • Posted by Jatin Pokhariya 4 months, 1 week ago

    CBSE > Class 12 > Business Studies
    • 0 answers
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    • Posted by Saku Shar 5 months ago

    CBSE > Class 12 > Business Studies
    • 1 answers

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