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economic environment ..social environment and political environment

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13y ago

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Can you explain the components of business studies?

Political environment


What do you mean by business environment and what are its components?

The business environment refers to the external and internal factors that influence a company's operations, decision-making, and overall performance. Its components include the economic environment (market conditions and economic trends), social and cultural environment (demographics and consumer behavior), political and legal environment (regulations and government policies), technological environment (innovation and advancements), and competitive environment (market competition and industry dynamics). Understanding these components helps businesses adapt and strategize effectively.


How a business organization has responded to changes in the business environment?

A business organisation responds to changing business environment by strategic alliance,mergers,brand building,restructuring,modernisation,expansion in its vulnerabilty within the dimensions of the social,political,economic,technological,legal environment by SWOT analysis.(strength,weakness,opportunities ,threats) of all levels & components of the business environment.


How does the business environment component affects the business?

First, of all i would like to tell you the main components of business environment, 1 Internal environment 2 External environment 1: INTERNAL ENVIROMENT:-It comprises of internal stakeholders i.e employees, management ,suppliers etc .In other words internal stakeholders have direct impact on business decisions. 2 EXTERNAL ENVIRONMENT:- It consists external stakeholders i.e customers, government etc Whenever a business takes any decision regarding the business it has to take due care of the environment in which it is running. The decision should not be against the stakeholders of the business theirby it definitely affects the business


What are the components of business cycle?

The components of the business cycle is Prosperity, Recession, and depression.

Related Questions

Why is it important for manager to understand the external environment components?

components of business environment


What are the key components of the financial environment and how are these components integrated in a business environment?

Answer this question...I don't know


Describe the components of the specific and general environment?

These have many components that you may be familiar with. The general environment is just where you live and the specific will be like your home or your work.


What are the four components of the global business environment?

The components of global business environment are : Language Localisation Navigation Techniques Company Branding Preparation for international growth


Can you explain the components of business studies?

Political environment


How a business organization has responded to changes in the business environment?

A business organisation responds to changing business environment by strategic alliance,mergers,brand building,restructuring,modernisation,expansion in its vulnerabilty within the dimensions of the social,political,economic,technological,legal environment by SWOT analysis.(strength,weakness,opportunities ,threats) of all levels & components of the business environment.


What does the Business Environment and Concepts section of the Uniform CPA Examination consist of?

the general business environment candidates encounter and the concepts needed to comprehend the underlying business reasons for and the accounting implications of business transactions and the skills needed to apply that knowledge.


Components of external business environment?

Ah, the external business environment is like a beautiful landscape painting, full of different elements that come together to create a harmonious scene. You have factors like economic conditions, competition, technological advancements, legal regulations, and social trends, all blending together to influence how a business operates. Just like adding different colors to a canvas, understanding and adapting to these components can help a business thrive and grow in the ever-changing world around us.


What is a component of Coca Cola's specific environment and will directly influence how it does business?

Socialoolgy The general environment of Coca Cola


Extenal business environment analysis of private owned computer components business?

internal non-corporate buildings in spontaneous electronic organisations....... What were you trying to ask here?


What are the Components of financial environment?

financial environment is all about markets an the components is _bonds


Why is it important for business to be aware of the General Environment?

im not sure if all businesses have a need for that. its just mostly if you want your business to grow strong and successful you will have to face the environment and it would help you to be aware of it =)