The nature of business

Dimensions of Business Environment Dimensions are the factors constituting the business environment include economic, social, technological, political and legal conditions which are considered relevant for…

Privatization in Business Environment The transfer of ownership, property or business from the government to the private sector is termed privatization. The new set of…

Governments create the rules and frameworks in which businesses are capable to contend against each other. From time to time, the government will modify these…

The term ‘business environment’ means the sum total of all individuals, institutions and other forces that are outside the control of a business enterprise but…

Importance of Business Environment Just like human beings, business enterprises do not exist in isolation. Each business firm is not an island unto itself; it…

Business activity involves a number of functions. There are- Production involves changing natural resources into a product or the supply of a service. Most business resources…