Characteristics of a Business Environment

      

Characteristics of a Business Environment

  

Answers


Faith
1. Environment is complex - environment consists of many factors and it’s difficult to comprehend at once the factors that constitute the environment.
2. Environment is dynamic – the environment is constantly changing in nature. Due to many and
varied influences operating; there is dynamism in the environment.
3. Environment is multi-faceted – different observers may view A particular change in the
environment differently. Another may view the same development as an opportunity by one
company and as a threat.
4. Environment has a far – reaching impact – the growth and profitability of an organization depends on the environment in which it exists. Any environmental change has an impact on the organization
in several different ways.
Titany answered the question on November 24, 2021 at 11:51


Next: Explain the evolution of international trading system
Previous: Distinguish between internal and external business environment

View More International Purchasing Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions