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A business environment are the internal and external factors that affect a business. Its elements include society, technology, regulations, economy and politics.
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∙ 9y ago
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What are the four elements of the international business environment?
There are more than four elements of the international business environment. Some of them are economic development, monetary and fiscal policies, the legal environment, and cultural concerns. Others include the political environment, and ecological issues.
Can you explain the components of business studies?
Political environment
Explain in detail internal and external factors affecting business environment?
internal and external factors in the organizational environment
Explain any controllable elements of the business environment that effect growth in an organization?
According to a definition on the link provided here>> http://www.quantum3.co.za/CI%20Glossary.htm#B, it clearly defines the meaning of a business environment, which is the foundation to begin with before answering the question. it defines a business environment as " encompasses all those factors that affect a company's operations, and includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors, and technological developments" However, the definition given is very general, it does not distinguish or point out which elements are controllable and which are not. To my own understanding, controllable elements, also known as internal elements, are those which are within the organization which are eligible to controlling the operation of an organization, which includes the management, the hierarchy of the business, the personnel, the missions and visions of the organization and etc. The rest is for you to find out.
What are the economic factors affecting a business environment?
Economic factor that affect businesses: 1. Income 2. Inflation 3. Recession 4. Interest Rate 5. Exchange Rate There are four major elements that affect business environment. The elements are: 1. Economic growth 2. The business cycle 3. Employment and unemployment 4. Inflation
Explain the element of micro-environment and macro-environment outline any two changes in the macro-environment?
explain the elements of the micro environment in brief?
Explain briefly about nature and characteristics of modern business?
briefly explain the charateristics of international business environment
Explain what the micro environment is in business studies?
what is micro & macro environment means(according to business studies)
What do managers needs to know about business environment?
what should the manager know about business environment? Explain briefly
Explain how the environment in which a business operates impacts upon?
The business environment impacts a business because managers have to make decisions based on what is going on around them. If the environment is fiercely competitive, then the business would have to respond appropriately.
What is a bussiness environment?
its a set of all elements that exist both from within and outside the business environment
What are the four elements of the international business environment?
There are more than four elements of the international business environment. Some of them are economic development, monetary and fiscal policies, the legal environment, and cultural concerns. Others include the political environment, and ecological issues.
What is 5 elements of internal business environment?
Product attractiveness, opportunities, organizational structure, intellectual assets, and internal stakeholders are the 5 elements of internal business environment. Another element is key business drivers such as market indicators.
Can you explain the components of business studies?
Political environment
Explain in detail internal and external factors affecting business environment?
internal and external factors in the organizational environment
Explain how the objectives of a new business might change as it grows in size?
the large a business grows the more exposed it is and the involved with the external environment
Environment-structure relationship in business?
helps explain why managers today are restructuring their organization to be lean, fast, and flexible
