Explain any three features of business environment

1.	Explain any three features of business environment
Answer» n features of business environment are:1. All the external forces:Business Environment includes all the forces, institutions and factors which directly or indirectly affect the Business Organizations.2. Specific and general forces:Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, LEGAL, Technological, Political, ETC. which affect the Business indirectly.3. Inter-relationAll the forces and factors of Business Environment are inter-related to each other. For example with inclination of youth towards western CULTURE, the demand for fast food is increasing.4. Uncertainty:It is very difficult to predict the changes of Business Environment. As environment is changing very fast for example in IT, fashion industry frequent and fast changes are taking place.5. Dynamic:Business environment is highly FLEXIBLE and KEEP changing. It is not static or rigid that is why it is essential to monitor and scan the business environment continuously.

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Explain any three features of business environment

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