Question's Short Description
1: Sum of all external and internal forces affecting business 2: Includes economic, social, political and legal factors 3: Keeps changing continuously 4: Affects business decisions 5: Both opportunities and threats are present
Question's Long Description
1: It includes all factors outside and inside the business that influence operations
2: Micro environment includes customers, suppliers, competitors
3: Macro environment includes government, technology, culture
4: Understanding environment helps in planning and forecasting
5: Business must adapt to survive in dynamic environment Q2: Components of Business Environment
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Reviews 0
monu
2026-07-10 12:01:542: Micro environment includes customers, suppliers, competitors
ekta
2026-07-10 12:02:313: Macro environment includes government, technology, culture
alisha
2026-07-10 12:03:224: Understanding environment helps in planning and forecasting
bharti
2026-07-10 12:04:015: Business must adapt to survive in dynamic environment
monika
2026-07-10 12:01:141: It includes all factors outside and inside the business that influence operations