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Question 1. Asked on :16 August 2020:12:43:41 PM

what are the main features of business environment?

-Added by Jyoti Srivastva Business Study » Buniess Environment


Jyoti Srivastva

 The following features of business environment is:

(i) Dynamic : business environment is always changing in nature. this is due to the various types of influences operating in the  environment like needs of customers, fashion, technology,etc.

(ii) Multi-faceted :  any change occurring in the business environment and viewed differntly by different persons.

(iii) Sum of external forces : business environment is an aggregate of various external factors.

(iv) Uncertainty : In today's world, environment is changing every moment . Thus, with such frequent changes it is difficult to predict the future happenings and non-happening.

(v) Both specific and general forces : business environment consists of both specific and general forces.

(vi) Relativity : busiess environment can be regarded as a relative concept as it change from one region to another from one country to another and even frim one individual to another individual.


-Answered by Jyoti Srivastva On 16 August 2020:12:47:35 PM


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