Business environment introduction
And this entire process of creating mobilization and utilization of this surplus constitutes the economic activity of the business firm. And the last one is business decision making is an economic process which we shall discuss in the next one. I hope you got a clear understanding about what business environment is what business as an economic activity is what business firm as an economic unit is for many more interesting swells on business. Do share, listen and like my swells. Thank you
Surya V
@welcome28 · 3:03
And understanding and adapting to competition is crucial for a success in the business. So in this modern world, businesses are more competitive. The structural and organizational businesses are slowly turning very competitive. That's why these stock markets and these comparison of financials arise. And yes, these external factors also influence the business environment. The external factors may be economic, social, political, legal, technical. Like for example, if government changes a regulation. Suppose government is changing some regulation