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How business environment influences business management Explain with suitable examples?
Wiki User
∙ 16y ago
Business environment influences the business management with many aspects. Some of them are competition, change of technology, recession, company policies, management, advertising and the promotional aspects. Change in the customer's behavior also plays and important role in the business influence.
Wiki User
∙ 11y ago
Wiki User
∙ 16y agohow business environment influences business management? explain with suitable examples.
influencing business environment are many aspects
viz.,
competition
change of technology
recession
consumer base - demand; change in customers behavior - their financial soundness
government rules, regulations, laws, acts, taxation, professional liabilities,
ethics, business fair practices,
advertisement, promotional aspects,
vision, policies,
management
behavior of workmen, their adaptability to enhancing demand on technological requirement
natural calamities, force majeure,
inflation, recession, global environment
and many more aspects.
keeping up the promise to stake holders (share holders)
Wiki User
∙ 14y agoThe Business Enviornment is affected by various factors like: Econmical factor,Demographic Factor, Ecological factor, Geographical factor etc etc.
Wiki User
∙ 14y agoA example is that the doctor's or the government has came up with a new medicine for all the sick people and it will cure the sickness and the illness.
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