09-02-2015, 04:06 PM
10-10-2017, 09:27 AM
Business environment is the sum total of all external and internal factors that influence a business. You should keep in mind that external factors and internal factors can influence each other and work together to affect a business. For example, a health and safety regulation is an external factor that influences the internal environment of commercial operations. In addition, some external factors are beyond your control. Often these factors are called external constraints.