Explain Different Dimensions of Business Environment
Types of Business Environment Economic Social Technological Political and Legal Environment. Strategy operations finances and marketing are the four dimensions of any business. Introduction Meaning And Importance Of Business Environment Concepts Business environment relates to both the external and internal factors that influence the business. . 2He should focus on customers preferences. I Economic environment It consists of economic factors that influence the business in a country. Thus business environment is a relative concept. Each of these sectors creates a unique set of challenges and opportunities for businesses. Dimensions of Business Environment. It is also known as Globalisation. Laws and government activities. Singh and Chhabra 2005 have mentioned about three dimensions of environment. A Economic b Social. It is also known as Globalisation. Which directly or indirectly affect bu