First things first, What is a Business?
An organization or economic system where goods and services are exchanged for one another or for money. Businesses can be privately owned, not-for-profit or state-owned.
When asked in lower grades “What is an Environment?” , my reply was “anything that surrounds us.” Since then my perception of an environment has remained same. Hence, similarly a Business Environment, is all the internal and external factors that affects a Business Directly or Indirectly.
These factors aren’t very consistent they are dynamic and constantly changing. The changing needs, increasing necessities, and of-course technology, are all a part of the Business Environment.
“To survive in the market means to adapt to the changes as a fast as possible. To adapt to the changes means to be aware of the business environment.”
Disturbance or a Change in the environment may bring opportunities or even extreme threats. Business Environment done right, fosters growth and expansion.
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