Meaning of Business Environment.

1.	Meaning of Business Environment.
Answer» Many surrounding factors affect business. The group of such factors is termed as business environment. Economic, social, cultural, technological, political, legal, etc. factors are included in Business environment. Over and above this certain groups like; consumers, employees, competitors, suppliers of goods, etc. are also included in business environment. In short, business environment is a group of such factors which continuously create new opportunities and new challenges for business.

Answer»

Many surrounding factors affect business. The group of such factors is termed as business environment.
Economic, social, cultural, technological, political, legal, etc. factors are included in Business environment. Over and above this certain groups like; consumers, employees, competitors, suppliers of goods, etc. are also included in business environment.

In short, business environment is a group of such factors which continuously create new opportunities and new challenges for business.

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Meaning of Business Environment.

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