Business environment refers to the external factors and conditions that impact the functioning of a business. It includes economic, social, legal, political, technological, and environmental factors. Understanding the business environment is important for identifying opportunities and threats, strategic planning, decision-making, and enhancing competitiveness. Features of the business environment include its dynamic, complex, uncertain, and multidimensional nature.
#businessenvironment #meaning #concept #feature #nature #importance #bcom #educationalvideo #education