What is business enviornment
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Posted by Vikram Pandey 4 years, 2 months ago
- 2 answers
Yogita Ingle 4 years, 2 months ago
Business environment refers to forces and institutions outside the firm with which its members must deal to achieve the organisational purposes. Here
• Forces = economical, social, political, technological etc
• Institutions = suppliers, customers, competitors etc
It includes all those constraints and forces external to a business within which it operates. therefore,
• The firm must be aware of these external forces and institutions and
The firm must be nagged keeping in mind these forces and institutions so that the organisational objectives are achieved. .
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Vikram Pandey 4 years, 2 months ago
2Thank You