1) Write the characteristics of the Global Business environment

Expert Solution

Global Business Environment
Global Business Environment is described as the environment across the various countries. It has factors which are usually exogenous to home environment.

Characteristics of the Global Business environment are-

1) Totality of the external forces
Global business environment includes the factors that are available outside of the business and the business has usually no control over it.

2) Dynamic nature
Global business environment has the mixture of many factors and it has been seen that changes in some of the factors takes place with time.

3) Relativity
Global business environment are usually related with the local conditions. So, the environment are different in the different countries of the world.

4) Uncertain
Conditions in the global business environment are constantly changing. So, it becomes very uncertain to predict something.

5) Complex
The global business environment has a lot of factors, events which arises from the variety of sources. So, it becomes difficult in understanding factors which affects the global business environment.

keosha answered 11 months ago

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