The business environment refers to the external and internal factors that affect the way business is conducted. These factors can be economic, social, technological or political in nature. The business environment also includes the legal and regulatory framework that businesses operate in. Understanding the business environment is essential for businesses to make informed decisions and plan for the future. It helps businesses to identify opportunities and threats, and to adjust their strategies accordingly. In today's globalized economy, the business environment is becoming increasingly complex and dynamic, requiring businesses to be flexible and adaptable to changes and challenges.
