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Business Environment assignment is the basis of the Commerce stream. It involves the in-depth study of the business environment and market for a better understanding of business.
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The five components of a business environment: 1. Economic environment 2. Political environment 3. Social environment 4. Technological environment 5. Legal environment
PESTLE analysis is a strategic planning tool that helps businesses understand and respond to external factors that may affect their operations.
1. Economic conditions 2. Government policies 3. Social trends 4. Technological advancements 5. Competitive landscape 6. Legal regulations 7. Demographics 8. Environmental concerns
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