FACTORS AFFECTING BUSINESS ENVIRONMENT: -

Various factors affecting the Business Environment

Internal factors :-

A firm’s internal environment consist of this plan, policies, resources, relation and other internal factors which affect it’s working .

External factors: -

There is a constant need to analyse the external environment so as to find out the opportunities and threats.

A proper analysis of the external environment will enable the firm to grab the opportunity and to defuse the threats.

Reference: -

https://www.google.co.in/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwjUkcfH6ZfYAhUP3o8KHapLDtEQjRwIBw&url=http%3A%2F%2Fmarketbusinessnews.com%2Ffinancial-glossary%2Fenvironmental-factors-definition-meaning%2F&psig=AOvVaw2adLlzMR2x2UTjh3IHA70Y&ust=1513832998940525

External Factors : -

Outside influences that can impact a business. Various external factors can impact the ability of a business or investment to achieve its strategic goals and objectives.

These external factors

1. Competition

2. Social

3. Legal

4. Technological changes,

5. The economic and

6. Political environment.

Read more: http://www.businessdictionary.com/definition/external-factors.html

Reference: -

https://www.google.co.in/url?