July 31, 2019 by The Assignment Helper
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 completing their business environment assignments and for some who always try and get it done, getting quality grades is still a major challenge.
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