Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: •Describe the basic environments (legal, social, economic) in which a business operates.
A: Business, now-a-days is vitally affected by the economic, social, legal, technological and political factors. These factors collectively form business environment. [ Business environment, as such, is the total of all external forces, which affect the organisation and operations of business. The environment of an organisation has got internal, operational and general lives managers must be aware
of these three environmental levels and their relationship and importance. The term 'business environment implies those external forces, factors and institutions that are beyond the control of individual business organisations and their management and affect the business enterprise. It implies all external forces within which a business enterprise operates. Business environment influence the functioning of the business system. Thus, business environment may be defined as all those conditions and forces which are external to the business and are beyond the individual business unit, but it operates within it. These forces are customer, creditors, competitors, government, socio-cultural organisations, political parties national and international organisations etc. some of those forces affect the business directly which some others have indirect effect on the business. ............ ]
Expert answered|sujaysen|Points 2717|
Question
Asked 10/6/2012 1:21:00 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,905,835 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
Popular Conversations
Speed sign is an example of a _________ sign A. regulatory B. ...
Weegy: A diamond shaped sign is a WARNING sign.
5/13/2018 5:01:49 PM| 3 Answers
when colonists boycotted british goods under the stamp act they
Weegy: Most Americans called for a boycott of British goods, and some organized attacks on the customhouses and homes ...
5/13/2018 12:01:56 PM| 2 Answers
Strike-slip fault
Weegy: In a strike-slip fault, the rocks on either side of the fault slip past each other sideways. TRUE.
5/17/2018 3:51:47 PM| 2 Answers
You can short-circuit the buildup of rage when driving by ...
Weegy: One way to reduce the buildup of rage while driving is to: adjust the air conditioner to keep yourself cool.
5/18/2018 6:55:28 PM| 2 Answers
S
R
L
R
P
R
Points 205 [Total 647] Ratings 0 Comments 25 Invitations 18 Offline
S
L
Points 196 [Total 207] Ratings 0 Comments 196 Invitations 0 Offline
S
L
Points 120 [Total 120] Ratings 0 Comments 20 Invitations 10 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
Points 94 [Total 13179] Ratings 0 Comments 84 Invitations 1 Offline
S
Points 30 [Total 30] Ratings 0 Comments 0 Invitations 3 Offline
S
Points 27 [Total 27] Ratings 0 Comments 27 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 0 Comments 3 Invitations 1 Offline
S
Points 13 [Total 13] Ratings 0 Comments 13 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.