Business environment mainly
refers to both the external and internal factors that influence how a business
operates. The external factors mainly are the factors operating around the
business itself while the internal factors operate within the business. Some of
the external factors include competition, market, laws, government activity etc
while the internal factors include owners, employees, capital etc.
For business students,
understanding the business environment and how it works is key in ensuring
success of the business. In school, assignments and projects given under this
unit of study have proven to be a challenge to most students and mainly because
these require massive research. In most cases, students have had a hard time
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environment assignments and for some who always try and get it done,
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