Characteristics of a Business Environment

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.

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Titany answered the question on November 24, 2021 at 11:51