The business environment is the array of external factors that affect a business’s ability to operate and succeed. These factors include the economic environment, the political environment, the legal environment, the technological environment, the social environment, and the competitive environment.

The business environment is constantly changing, and businesses need to be able to adapt to these changes in order to be successful. By understanding the business environment, businesses can make better decisions about how to allocate resources, how to market their products or services, and how to compete in the marketplace.

Here are some of the key factors that make up the business environment:

The business environment is a complex and ever-changing landscape. By understanding the key factors that make up the business environment, businesses can make better decisions that are more likely to lead to success.

Here are some of the benefits of understanding the business environment:

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