Why is business environment known as ‘totality of external forces’?
As it is the group of many outside forces, that is why, its nature is of totality.
‘Nothing can be said with any amount of certainty about the factors of the business environment.’ Why?
How is business environment helpful in the ‘improvement of performance’?
How ‘first mover advantage’ is made available by the business environment? Give an example.
Business environment includes both 'specific and general forces'. List any four specific forces.
