concept of Business

INTRODUCTION👇   Entrepreneurship is a vital activity to bring about changes in the economy and society not only in a country but also of those in the world. Meaning of Entrepreneurship👇 The process in which we anticipate the changing need, want, desire of customer and fulfill it by our product service or idea by an innovative way this process is called entrepreneurship.        T he  term entrepreneurship is derived from a French word 'Entreprendre'  which means 'to undertake' to pursue opportunities or to fulfill needs and wants though innovation and starring businesses. The  word first appeared in the french dictionary in 1723 and Oxford English  dictionary adopted the word 'entreprendre' as entrepreneur' in 1897 and meant. Concept of Entrepreneurship 👇 The more modern entrepreneurship definition is also about transforming the world by solving big  problems. Like bringing  about  social change or creating an innovative prod...

Dimension of business environment means types of business environment. We know that business is the  combination of internal  as well external forces. Internal forces consist of rules, regulation ,policies of a business . And external forces consist of those elements which are outside the control of business these are social,economical, technological, policies of a business.And external forces consist of  those elements which are outside the control of business these are social,economical, technological, political and  legal. So,  all these together are said as dimensions of business environment. 1.Economic Environment   Those changes which effects the working of a business economically is known as economic environment . This includes interest rates change in disposable income of consumers, value of rupee etc. 2. Social environment   Those changes which effects the working of a business socially then it is known as social forces like customs and t...