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Question
Answer the following question:
Explain the importance of Business Environment in shaping the future of a business.
Explain the importance of Business Environment in shaping the future of a business.
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Solution
Business environment
can be defined as the forces, factors and institutions with which the
businessman has to deal with to achieve its objectives. It includes the
summation of both external as well as internal environment of the business.
Through careful scanning of business environment the future conduct of a business can be improved and the profits can be maximized.
Business environment can be defined as the forces, factors and institutions with which the businessman has to deal with to achieve its objectives. It includes the summation of both external as well as internal environment of the business.
Through careful scanning of business environment the future conduct of a business can be improved and the profits can be maximized.
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