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Question:

What are the major components of the business environment?

Answer:

The major components of the business environment include:

  • Economic Environment: Factors like inflation, interest rates, and fiscal policies influence business operations.
  • Political-Legal Environment: Government regulations, policies, and the legal framework directly affect how businesses operate.
  • Socio-Cultural Environment: Social norms, demographic trends, and cultural values influence consumer preferences and demand for products.
  • Technological Environment: Innovations and technological changes can disrupt industries, leading to new opportunities or threats.


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Comments

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

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