April 2024
Intermediate to advanced
256 pages
7h 59m
English
Content preview from NTA CUET Business Studies With Fully Solved 2023 Papers by Pearson
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CHAPTER 3
Business Environment
CHAPTER AT A GLANCE
Introduction
Business environment is a sum total of all individuals, institutions, other entities and forces that are outside the control of a business enterprise but may affect its performance, profitability, growth and even survival. All the political, social, technological, and other forces that operate outside a business enterprise are part of its environment.
Every business organization works in a distinctive environment as it cannot exist in isolation and the relationship between a business and its environment is complementary. Thus, the environment influences business and also gets affected by its activities.
Features of Business Environment
Business environment is said to have the following ...
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