class 12 business studies Management and Business Environment notes
Management and Business Environment. . .. . Short & Easy Notes for B oard Exam #1. What is business environment? Importance? Characteristics? > It refers to all forces which are external to a business and beyond its control. These forces affect the working of the business and are uncontrollable to a large extent. Importance; It enables the form to identify opportunities and getting the first mover advantage It helps the firm to identify threats and early warning signals It helps in tapping useful resources It helps in coping with Rapid change It helps in assisting in planning and policy formulation It helps in improving performance Characteristics; Totality of external forces. Specific and general forces. Inter-relatedness. Create uncertainty. It is dynamic. It is complex. It affect different unit differently. #2. Component or classification of business environment. > There are two types of business environment. (A) Internal environment - It include those factors ...