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What is the business environment subject all about

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Many students might have heard the word business environment but don't know what that means. So let me first clarify that the business environment, in simple is a sum collection of different internal and external factors of the company.

 

Now the next question you might have is which the internal and external factors are. These factors are workers, consumer requirements and expectations, supply and demand, administration, customers, suppliers, landlords, government activities, technology innovation, social trends, market sensations, financial changes, etc.

 

Also, there is one more important thing in the business environment assignment, i.e. vision and mission statement. The vision and mission statements represent the organization's objectives and future state.


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