BB0034/BBA 103 Business Environment
(4 credits)
(Book ID: B1499)
ASSIGNMENT- Set 1
label 60
Note: Each Question carries 10 marks. state all the questions.
1. What is business surroundings? What seduces inner purlieu of a firm?
Ans;Business Environment- Business means the surroundings, international objects, influencing factors, or circumstances under someone or something exists. In the context of business, the environment refers to the sum of indecisionsternal and external forces operating on an organization. Business environment means the environment that effects the business, be it external or internal. The impact of these forces on the business mustiness be understood by managers which helps them to react effectively to changes in the environment. This likewise helps them to make a better decisions. The environmental factors also help organisatioms plan for the future.
The environment that effects business git be classified based on different contexts. The environment may be based on scotch and non sparing factors. The economic factors constitute the monetary and fiscal policy, the industrial policy, the determine trends, the nature of the economic development etc. It influence the non economic factors. The non economic factors are the political and legal system.
, the socio cultural aspects and the educational system. It have an influence on the economic factors.
The business environment constituet two factors. They are internal and external factors.
Internal environment- The internal environment is essentially all the factors that can be controlled by the organization. These factors are usually things like technology advancement, e-commerce and business expansion. The factors that constitute the internal environment are as follows:
1) Value system- the measure out system of the founders of a business affects the choice of business,...If you want to relieve oneself a full essay, order it on our website: Orderessay
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