KIP254
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Businesses environment refers to conditions or factors which surround and affect business operations. A business can be affected by many factors such as competition from other businesses dealing with similar goods, inadequate supply of raw materials, lack of capital and inadequate markets for products.
All these factors that affect or influence businesses are referred to as business environment. The forces or factors that affect a business from within are referred to as internal environment. Factors that affect a business from outside are termed as external environment.
All these factors that affect or influence businesses are referred to as business environment. The forces or factors that affect a business from within are referred to as internal environment. Factors that affect a business from outside are termed as external environment.