What is the scope of the business environment?

Questions › What is the scope of the business environment?
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Akshaj Singh asked 2 years ago
   
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Deepak Goyal answered 2 years ago
The business environment is a term that is used to describe the factors that affect the economy of a country or region. The following is the scope of business environment:
  • Identifies business opportunities and threats 
  • Helps in planning and policy formulation 
  • Provides useful resources 
  • Help in coping with rapid changes 
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Nikhil Rawat answered 2 years ago
The scope of the business environment is vast and it is constantly changing. The industries that are growing most quickly are those that can provide solutions to the problems in society. These industries include healthcare, education, IT, aerospace, manufacturing and transportation among others.  
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Priya Vishwas answered 2 years ago
The business environment is a vast and diverse field. It's not just about the economy, but also about society. In this section, we will explore the different aspects of the business environment. The scope of the business environment is vast and it is constantly changing. The industries that are growing most quickly are those that can provide solutions to the problems in society.