Wednesday, February 16, 2011

TYPES OF BUSINESS ENVIRONMENT

Confining business environment to uncontrollable external factors, it may be classified as(a) Economic environment; and (b) Non-economic environment. The economic environment includes economic conditions, economic policies and economic system of the country.
Non-economic environment comprises social, political, legal, technological, demographic and natural environment. All these have a bearing on the strategies adopted by the firms and any change in these areas is likely to have a far-reaching impact on their operations. Let us have a brief idea about each of these areas of business environment.

3 comments:

  1. Informative! Thank you for the effort to publish this article.

    www.triciajoy.com

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  2. My pleasure! I will try to write more, However now I hardly get time a part from work!

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