CBSE Class 12 Business Environment Revision Notes Meaning of business environmentĬombining both the internal factors as well as external factors create a business environment as a whole. Similarly, business environment is the area or condition in which the business operates. Environment as the word suggests is the area or condition in which the living things operate. These factors are not always in control of the organization. There are different factors which affects an organization be it positively or negatively. Degree of achievement of organizational goals depends on this environment. Business environment factors are inter-relatedĬlass 12 Business Environment notes Chapter 3 Business Studiesīusiness does not operate in isolation rather it works in a dynamic environment which has influence on the working.
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