BUSSINESS COMMUNICATION MS.

CHACON

Business Environment
Definition of Business Environment is sum or collection of all
internal and external factors such as employees, customers needs
and expectations, supply and demand, management, clients,
suppliers, owners, activities by government, innovation in
technology, social trends, market trends, economic changes, etc.
These factors affect the function of the company and how a
company works directly or indirectly. Sum of these factors
influences the companies or business organisations environment
and situation.

Introduction to Business Environment

Business Environment is the most important aspect of any
business. The forces which constitute the business environment
are its suppliers, competitors, media, government, customers,
economic conditions, investors and multiple other institutions
working externally. So let us start with the introduction to business
environment and learn its importance.

Forms of Business Organizations

Forms of the business organization depend on the criteria like the
nature of the business, size of operations and on many more things.
Here let us take a look at the various forms of business
organization and some important points about business ownership.

Scales of Business
We always keep hearing things about small business, large
business. These terms are nothing but a way to define the scales of
business. Here in this chapter, we will study about different small-
scale, medium-scale, etc. Also, we will focus on the factors used
to distinguish the scale of one industry from the other. Let us study
more about scales of business in detail.
BUSSINESS COMMUNICATION MS. CHACON

Emerging Trends in Business

Like in any other industry, business industries to witness various
changes in the fashion of it’s working over the time. These changes
are referred to as business trends. So, now let’s get ready to explore
all the latest business trends and their effects in greater detail!

Business Functions
The term ‘Business Functions’ encompasses a lot more than one
may think. From the resources to the management of the resources,
all comes under the study of business functions. Let’s dig deeper!