HOW BUSINESS EXITS ? - COMMERCE SCHOOL

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                             BUSINESS ENVIRONMENT

It is a surrounding where a organisation operates their operations . business environment provide opportunities to the organisation and aware them of various threats . which are available in the market . Every organisation have to scan its environment for knowing the opportunities and competition which is in a market .

 Business environment influences by the factors which are internal and external . 

Internal factors

Internal factor are those which  are controllable in nature and from where an organisation knows their strength and weakness .

External factors 

External factors are those which are uncontrollable in nature , these factors are of outside the organisation in which the organisation have no control . These factors helps organisation to know there opportunities  which are available in market and threats which may hinder business performance .

GOVERNMENT FACTORS -

 By changing law and making new trade barriers .

SOCIAL FACTORS -

Change in the taste and preference of customers .

TECHNOLOGICAL FACTORS -

Innovation in the products .

 example - nokia use old technology , they didn't use android .

ECONOMICS FACTORS -

All important trend which help and hinder the organization for achieving its's objective . EXAMPLE -  interest rates, banking and unemployment factors .https://unacademy.com/course/hindi-business-environment-class-xi-cbse/4KK5F5B3 Sure, please find it above. You will get an view Navin.