Explain the natural environment of business.

1.	Explain the natural environment of business.
Answer» Geo-physical environment – The natural, geographical and ecological factors have a bearing on the business. These are as follows: 1. The availability of natural resources like minerals oil .etc, since setting up of industries requires availability of raw materials. 2. The weather and climatic conditions and availability of water and other natural resources is essential for the agricultural sector. 3. Topographical factors like the terrain impacts type of business since the demand and consumption pattern may vary in these regions. 4. Location of certain industries is influenced by the geographical conditions. 5. Availability of natural harbors and port facilities for transporting goods

Answer»

Geo-physical environment – The natural, geographical and ecological factors have a bearing on the business.

These are as follows:

1. The availability of natural resources like minerals oil .etc, since setting up of industries requires availability of raw materials.

2. The weather and climatic conditions and availability of water and other natural resources is essential for the agricultural sector.

3. Topographical factors like the terrain impacts type of business since the demand and consumption pattern may vary in these regions.

4. Location of certain industries is influenced by the geographical conditions.

5. Availability of natural harbors and port facilities for transporting goods

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