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What are the five key dimensions of the broader business environment?
Wiki User
∙ 12y ago
The Economic Environment, The Social Environment, The Global Environment, the Technological Environment, and the Competitive Environment.
Wiki User
∙ 12y ago
Anonymous
Economic Environment: Economic Environment consists of factors like inflation rates, interest rates, consumers’ incomes, economic policies, market conditions etc.
Social Environment: ADVERTISEMENTS: Social environment implies traditions, literacy rates, educational levels, values, customs, lifestyle, demographic distribution and other characteristics of the society in which the organization exists.
Technological Environment: The forces related to scientific improvements and innovations for improving quality of goods and services and new techniques for operating the business, are all part of technological environment.
Political Environment: Political Environment consists of forces such as political stability and peace in the country and attitude of the ruling party and its representatives towards business.
Anonymous
Economic Environment: Economic Environment consists of factors like inflation rates, interest rates, consumers’ incomes, economic policies, market conditions etc.
Social Environment: ADVERTISEMENTS: Social environment implies traditions, literacy rates, educational levels, values, customs, lifestyle, demographic distribution and other characteristics of the society in which the organization exists.
Technological Environment: The forces related to scientific improvements and innovations for improving quality of goods and services and new techniques for operating the business, are all part of technological environment.
Political Environment: Political Environment consists of forces such as political stability and peace in the country and attitude of the ruling party and its representatives towards business.
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