Solve your doubts and expand your knowledge with IDNLearn.com's extensive Q&A database. Discover prompt and accurate answers from our experts, ensuring you get the information you need quickly.

describe with example the importance of business environment

Sagot :

Question:

describe with example the importance of business environment

Answer:

  • Business environment brings both threats and opportunities to a business.
  • Understanding of environment helps the management in future planning and decision making.
  • For example, competition increases with the entry of new firms in the market.