What do you mean by business enviorment ? what are factors affecting f

1.	What do you mean by business enviorment ? what are factors affecting for business decision
Answer» answer1) The term 'BUSINESS environment' connotes external FORCES, factors and institutions that are beyond the control of the business and they affect the functioning of a business enterprise. These include customers, competitors, suppliers, government, and the social, political, legal and technological factors etc answer2) The approach taken to making business decisions is influenced by a VARIETY of factors, the KEY ones of which are outlined below: 1)Business Objectives / Budgets. 2)Organisational Structure - Who Makes the Decisions? 3)Attitude to Risk. 4)Availability & RELIABILITY of Data. 5)The External Environment

What do you mean by business enviorment ? what are factors affecting for business decision

Answer»

answer1)

The term 'BUSINESS environment' connotes external FORCES, factors and institutions that are beyond the control of the business and they affect the functioning of a business enterprise. These include customers, competitors, suppliers, government, and the social, political, legal and technological factors etc

answer2)

The approach taken to making business decisions is influenced by a VARIETY of factors, the KEY ones of which are outlined below:

1)Business Objectives / Budgets.

2)Organisational Structure - Who Makes the Decisions?

3)Attitude to Risk.

4)Availability & RELIABILITY of Data.

5)The External Environment

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